HomeTrading NewsMajor firms downgrade Avis after stock doubles in single day, saying fundamentals no longer matter

Major firms downgrade Avis after stock doubles in single day, saying fundamentals no longer matter

A customer waits for his car at the garage of Avis Budget Group at the San Francisco airport.

David Paul Morris | Bloomberg | Getty Images

Two top Wall Street firms are warning investors to back away from Avis Budget after the stock rocketed higher Tuesday.

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