Morgan Stanley Downshifts Car Rental Stocks

The firm cut its ratings on Avis Budget, Hertz, and Dollar Thrifty, citing signs of weaker industry pricing

The car rental group hit a bump in the road June 25 after Morgan Stanley lowered its recommendations on Avis Budget Group (CAR), Hertz (HTZ), and Dollar Thrifty Automotive (DTG) to underweight from neutral.

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