4 big analyst picks: Avis Budget zooms higher on Deutsche upgrade

By Davit Kirakosyan

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Avis Budget, Q2, bluebird bio, Equitrans Midstream, and Financial Services.

InvestingPro subscribers got this news first. Never miss another market-moving headline.

Avis stock gains on Deutsche Bank’s upgrade

Avis Budget Group (NASDAQ:CAR) shares gained more than 2% yesterday after Deutsche Bank upgraded the company to Buy from Hold and raised its price target to $263.00 from $239.00, as InvestingPro reported in real time.

The firm mentioned that the stock has been "left behind without cause," and emphasized the upgrade's main focus on the company's valuation.

Furthermore, the bank highlighted a potential catalyst in the form of expected share repurchases in the latter half of the year. Shares have significantly underperformed comparable travel and leisure sub-sectors year-to-date, lagging behind by an average of 2,400 basis points. The firm believes that the stock could attract investors looking to buy reasonably priced laggards as the S&P 500 sits near a 9-month high.

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Q2 upgraded to Buy, shares surge 5%

Q2 (NYSE:QTWO) shares rose more than 5% yesterday after BTIG upgraded the company to Buy from Neutral with a price target of $36.00, highlighting its increasingly constructive view of the long-term outlook for the company.

The firm believes Q2’s guidance is now conservative and much of the potential downside has been stripped out, while growth upside is more tangible than in recent years.

2 more upgrades

Bluebird bio (NASDAQ:BLUE) shares jumped more than 6% premarket today after Barclays upgraded the company to Overweight from Equalweight and raised its price target to $8.00 from $7.00.

JPMorgan upgraded Intercorp Financial Services (NYSE:IFS) to Overweight from Neutral with a price target of $27.00.

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