Read more about this call here. Bank of America upgrades Avis Budget to buy from neutral Bank of America said in its upgrade of the car rental company that it sees upward revisions to estimates that are not yet priced into the stock. "Our Buy rating on Avis reflects our view that many of the macro factors driving 'over-earning' by the company in 2021 will likely persist well into 2022, specifically limited incoming vehicle supply and tight average fleet, elevated revenue per day from the ongoing supply/demand imbalance, and moderated per unit fleet cost from elevated used vehicle pricing.