Soleil Securities Maintains Buy on Hertz, Avis Budget

Soleil Securities maintains a 'Buy' on Avis Budget Group and Hertz Global Holdings, according to the

For Hertz, the price target was lowered from $12 to $11. Soleil lowered Avis Budget’s price target from $10 to $9.

Avis Budget dropped 48.1 percent versus the Standard & Poor’s 500 Index last week, though a Soleil analyst finds “the valuation compelling at about two times 10 EBT.” While Hertz dropped 22.1 percent, the analyst found its “valuation compelling at about three times 10 EBT.”

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