Avis Budget has been "left behind, without cause," opening up a buying opportunity for investors, according to Deutsche Bank.
Analyst Chris Woronka upgraded shares to buy from hold.
He also raised his price target to $263 from $239, implying 61% upside potential from Tuesday's close.
CAR YTD mountain CAR year to date "It is no secret that CAR's earnings have benefited from gains on the resale of its vehicles for some eight quarters now, or that the company's pricing metric ('RPD') remains some 36% ahead of comparable 2019 levels on a TTM basis.
"Buy the laggard," Woronka added.
Persons:
Chris Woronka, Woronka, Avis, — CNBC's Michael Bloom
Organizations:
Avis Budget, Deutsche Bank