Credit Suisse Initiates Avis Budget With Outperform

Analysts at Credit Suisse initiated coverage on Avis Budget Group CAR with a Outperform rating. The target price for Avis Budget is set to $72. Avis Budget shares have jumped 66.23% over the past 52 weeks, while the S&P 500 index has gained 16.21% in the same period. Avis Budget's shares rose 2.87% to close at $59.81 yesterday.