ICYMI: Uber Earnings, Fossil Short Squeeze, Avis Downgraded
In case you missed it, here are some of Benzinga's top stories from Wednesday, Feb. 14, 2018.
Fossil Digs Up 80% Upside
Shares of Fossil Group, Inc (NASDAQ: FOSL) spiked as high as 82 percent Wednesday after reporting a big Q4 top and bottom line beat. But the outsized upside was due to a short squeeze rather than the market appreciating the company’s performance. Wayne Duggan reports.
Related Link: Is Fossil's 80% Surge Justified? KeyBanc Says It's Just The Beginning
Goldman Sachs Makes Bearish Call On Avis
Rental car stock Avis Budget Group, Inc (NASDAQ: CAR) could see as much as 18 percent downside, according to Goldman’s David Tamberrino. To learn more, check out Shanthi Rexaline’s “Goldman Sees 18% Downside To Avis Budget Group, Downgrades to Sell.”
Checking In On Uber’s Turnaround
Though not a public company, ride-sharing pacesetter Uber’s Q4 results still drew headlines this week. Elizabeth Balboa reviews the quarter, in “In Numbers And Narrative, Uber's Q4 Suggests A Recovery.”
Latest Ratings for CAR
Feb 2018 | Goldman Sachs | Downgrades | Neutral | Sell |
Nov 2017 | Deutsche Bank | Maintains | Buy | |
Nov 2017 | Barclays | Maintains | Equal-Weight |
View More Analyst Ratings for CAR
View the Latest Analyst Ratings
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