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Actionable news in CAR: Avis Budget Group, Inc.,

Avis Budget (CAR) Stock Price Target Raised at Barclays

NEW YORK (TheStreet) -- Barclays hiked its price target on shares of Avis Budget Group (CAR) to $33 from $31 in a note released earlier today.

Avis's 2016 second quarter represented the "best domestic pricing result" for the company since its 2014 third quarter and coincided with the "first meaningful positive earnings revision in nearly two years," the firm, which has an "equal weight" rating on the stock, wrote in a note.

If management can achieve its pricing outlook of 1% to 2% growth during the second half of the year and reach its recently upsized 2016 profit guidance with fleet costs in check, the stock should see further...


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