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Avis stock soars on Buy rating from Jefferies

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Yahoo Finance's Brian Sozzi discusses Avis stock popping after Jefferies analysts reiterated a Buy rating on the shares.

Video Transcript

- OK, before we head to break, let's check out a bullish call on rental car outfit, Avis. The team at Jefferies reiterated a buy rating on Avis with a $333 price target. Target assumes 97% upside from current levels, says the folks at Jefferies. Margins are structurally higher post-COVID with industry supply-demand discipline driving pricing sustainably. The free cash-flow profile provides balance sheet catalysts with opportunity for more stock buybacks.