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CAR

Avis Budget

$21.62

-0.94 (-4.17%)

04:55
06/21/17
06/21
04:55
06/21/17
04:55

Avis Budget management to meet with Northcoast

Meetings to be held in San Francisco on June 20 and in Los Angeles on June 21 hosted by Northcoast.

  • 21

    Jun

CAR Avis Budget
$21.62

-0.94 (-4.17%)

02/17/17
02/17/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Hertz (HTZ) downgraded to Underperform from Neutral at Credit Suisse by analyst Anjaneya Singh as the analyst believes peer Avis Budget's (CAR) update presents a negative read-through for Hertz's Q4 and 2017 guidance. In an environment that presents weak volume growth, flattish pricing, and inflationary fleet costs, Singh sees Hertz struggling to generate profit growth reflected in consensus estimates. The firm also downgraded Avis Budget to Neutral from Outperform following the company's Q4 results. 2. Charter (CHTR) downgraded to Market Perform after recent rally at Telsey Advisory by analyst Tom Eagan, who has "no doubt" that the company will improve the service metrics at the legacy TWC and Bright House systems, but notes that shares have gained more than 54% since January 2016, with part of the rise fueled by speculation that Verizon (VZ) was interested in an acquisition. While unclear what Verizon's real interest is, "the possibility of a transaction is not grounds" for a multiple on Charter shares that would yield a target in the mid-$370's, Eagen tells investors. 3. Kate Spade (KATE) downgraded to Underperform from Outperform at CLSA by analyst Rick Patel, who benchmarks Kate with Tumi, which was acquired by Samsonite for 13.6x LTM EBITDA. He adds that he views the abbreviated conference call and lack of Q&A as signs the company is "actively in negotiations." 4. Advisory Board (ABCO) downgraded to Neutral from Overweight at JPMorgan by analyst Stephanie Davis, who sees the shares as fairly valued for the potential strategic alternative outcomes. The analyst sees three potential outcomes: a margin-focused restructuring, a sale to a strategic acquirer of all or part of the company, and a sale to a financial sponsor. Her analysis yields a share price range of $47-$59 for the three scenarios. 5. Hain Celestial (HAIN) downgraded to Hold from Buy at Argus by analyst John Staszak, who says that, at a minimum, Hain will have to restate its financials. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/22/17
MSCN
03/22/17
NO CHANGE
MSCN
MScience expects lower pricing and volumes for Hertz
MScience analyst Michael Erstad analysis indicates Hertz's (HTZ) Q1 revenues are trending at $1.935B versus consensus of $1.975B. The analyst said Enterprise captured greater share at the expense of Hertz and Avis Budget (CAR) in January but Enterprise and Hertz took share from Avis in February.
05/05/17
FBCO
05/05/17
NO CHANGE
Target $27
FBCO
Neutral
Avis Budget price target lowered to $27 from $38 at Credit Suisse
Credit Suisse analyst Credit Suisse lowered his price target for Avis Budget to $27 from $38 as the company's Q1 results came in worse than expectations that had been trending lower intra-quarter. The analyst reiterates a Neutral rating on the shares.
06/14/17
DBAB
06/14/17
NO CHANGE
Target $45
DBAB
Buy
Avis Budget negative sentiment could be easing, says Deutsche Bank
Deutsche Bank analyst Chris Woronka attributes yesterday's rally in Avis Budget (CAR) shares to J.D. Power announcing a 270 basis point positive revision, from down 10.3% to down 7.6%, to the NADA used vehicle price index for June that it initially released late Monday. The rally implies that the "overwhelmingly" negative sentiment on Avis "could be showing signs of easing," Woronka tells investors in a research note. The analyst continues to view the Manheim used vehicle value index as the single most relevant data point for the shares. He believes July is a critical month for rental price and keeps a Buy rating on Avis with a $45 price target. Hertz (HTZ) yesterday followed shares of Avis higher.

TODAY'S FREE FLY STORIES

JUNO

Juno Therapeutics

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CFG

Citizens Financial

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BBD

Banco Bradesco

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IIVI

II-VI

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0.9 (1.73%)

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  • 01

    Feb

SANM

Sanmina

09:30
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RELX

RELX

09:30
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SLB

Schlumberger

09:29
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HAL

Halliburton

09:28
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  • 22

    Jan

HAL

Halliburton

09:27
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  • 22

    Jan

WP

Worldpay

09:27
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09:27
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Worldpay initiated  »

Worldpay reinstated with…

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HAL

Halliburton

09:26
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  • 22

    Jan

TXN

Texas Instruments

$116.83

0.42 (0.36%)

09:25
01/22/18
01/22
09:25
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09:25
Recommendations
Texas Instruments analyst commentary  »

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  • 23

    Jan

09:25
01/22/18
01/22
09:25
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General news
IMF revised its global growth outlook higher, in part on U.S. tax cuts »

IMF revised its global…

PAYC

Paycom

, ALRM

Alarm.com

$38.73

-0.7 (-1.78%)

09:25
01/22/18
01/22
09:25
01/22/18
09:25
Conference/Events
Jefferies software analyst holds an analyst/industry conference call »

Software Analyst DiFucci…

PAYC

Paycom

ALRM

Alarm.com

$38.73

-0.7 (-1.78%)

CA

CA Technologies

$34.07

-0.12 (-0.35%)

RHT

Red Hat

ORCL

Oracle

SSNC

SS&C

$49.98

0.04 (0.08%)

VMW

VMware

CTXS

Citrix

$92.72

1.34 (1.47%)

MSFT

Microsoft

$90.00

-0.1 (-0.11%)

SYMC

Symantec

$27.46

0.21 (0.77%)

PANW

Palo Alto Networks

APTI

Apptio

$24.79

0.56 (2.31%)

CHKP

Check Point

$104.48

1.28 (1.24%)

NICE

Nice

$93.60

-0.23 (-0.25%)

SPLK

Splunk

$89.94

-1.49 (-1.63%)

RNG

RingCentral

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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  • 22

    Jan

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    Jan

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    Jan

  • 30

    Jan

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    Feb

  • 06

    Feb

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    Feb

  • 12

    Feb

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    Feb

  • 27

    Feb

DCIX

Diana Containerships

$3.24

0.09 (2.86%)

09:23
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Diana Containerships sells two post-Panamax container vessels for $22M »

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CAA

CalAtlantic

, LEN

Lennar

09:23
01/22/18
01/22
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CalAtlantic, Lennar analyst commentary  »

CalAtlantic price target…

CAA

CalAtlantic

LEN

Lennar

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SJI

South Jersey Industries

09:21
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South Jersey Industries rating change  »

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  • 23

    Jan

KBH

KB Home

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  • 24

    Jan

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U.S. Producer Sentiment Tailwinds Extend Into 2018: »

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TOL

Toll Brothers

09:19
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WYNN

Wynn Resorts

$179.64

4.16 (2.37%)

, HAL

Halliburton

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WYNN

Wynn Resorts

$179.64

4.16 (2.37%)

HAL

Halliburton

PETS

PetMed Express

$53.24

2.67 (5.28%)

OPB

Opus Bank

$28.70

0.05 (0.17%)

BCRX

BioCryst

$5.59

-0.09 (-1.58%)

IDRA

Idera Pharmaceuticals

$2.55

0.145 (6.03%)

ANF

Abercrombie & Fitch

AAPL

Apple

$178.46

-0.8 (-0.45%)

03/08/13
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  • 22

    Jan

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  • 01

    Feb

CYTX

Cytori Therapeutics

$0.40

-0.0188 (-4.48%)

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UBS

UBS

09:18
01/22/18
01/22
09:18
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09:18
Periodicals
UBS to start moving jobs in early 2018 ahead of Brexit, Telegraph reports »

UBS will begin shifting…

03/08/13
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HAL

Halliburton

09:18
01/22/18
01/22
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  • 22

    Jan

PHM

PulteGroup

09:18
01/22/18
01/22
09:18
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PulteGroup analyst commentary  »

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  • 30

    Jan

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