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Car rental stocks show weakness with Avis Budget (CAR -5.3%), Dollar Thrifty (DTG -2.2%), and...

  • Wednesday, May 23, 2012, 12:56 PM ET
    Car rental stocks show weakness with Avis Budget (CAR -5.3%), Dollar Thrifty (DTG -2.2%), and Hertz Global (HTZ -4.7%) giving back some gains piled up yesterday - fueled in part by a bullish sector call from Morgan Stanley analyst Adam Jones.
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    Good opportunity to buy DTG. If you see the volume of DTG, it is pretty low since majority of DTG holders are expecting a big return with HTZ having their eyes on acquiring DTG to maintain a no. 2 status in the industry after Enterprise. It will be for a pretty penny, given how long they have pursued with the FTC to get the clearance.
    23 May 2012, 02:30 PM Reply Like
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