Avis Budget Group CAR shares are trading lower after BofA Securities analyst Federico Merendi downgraded the stock from Buy to Underperform and cut its price target from $120 to $113.Babcock argued industry fundamentals and the macro backdrop do not justify the stock’s June outperformance.The analyst said the U.S. rental car industry faces pricing and demand pressures that will weigh on Avis Budget’s earnings in the second half of 2025 and into 2026.CAR shares are sliding. See the full breakdown here.Also R ...