Avis Budget sees doing tuck-in deals Sees spending on tuck-in deals in 1H $150M. Says expects to repurchase $200M-$300M of stock this year. Says pricing to have positive effect in the future. Comments made at the Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference.
Avis Budget higher fleet costs righted by year-end, says JPMorgan JPMorgan believes the higher fleet costs noted yesterday by Avis Budget is more of a transitory issue that will be righted by year-end. The firm views yesterday's pullback in shares as a buying opportunity and keeps an Overweight rating on Avis Budget with a reduced price target of $68.