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  /  News   /  Major 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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