EFTA00295400Set 9
2014-05-0819p10,768w
Morgan North America Equity Research
08 May 2014
Overweight
Avis Budget Group, Inc. CAR, CAR US
Price: $51.79
1Q14 Takeaways; YE14 PT $59; Leisure &
A Price Target: $59.00
Commercial Pricing ... continues to benefit CAR, with specialty
and premium vehicle revenues growing +13%.
Avis Budget Group, Inc. (CAR:CAR US)
FYE Dec 2012A 2013A 2014E 2014E 2015E 2015E Company Data
(Prey ... North America Equity Research
08 May 2014 J.P.Morgan
Investment Thesis, Valuation and Risks
Avis Budget Group, Inc. (Overweight; Price Target: 559.00)
Investment Thesis
We reiterate our OW rating. We continue
https://www.justice.gov/epstein/files/DataSet%209/EFTA00295400.pdf
CONTRIBUTED TO LEON BLACK FAMILY FOUNDATION- SEE BELOW)
ALTRIA GROUP INC 11,196
AVIS BUDGET GROUP 248,602
BOEING CO 19,765
BP PLC 215,680
COCA COLA COMPANY
https://www.justice.gov/epstein/files/DataSet%209/EFTA01128405.pdf
EFTA01114630Set 9
2014-09-3011p2,579w
Closing Price
UNITED TECHNOLOGIES CORP 422,400 - - 422,400 Closing Price
AVIS BUDGET GROUP INC 268,961 - - 268,961 Closing Price
BP PLC SPONSERED ADR 223,881 - - 223,881 Closing
https://www.justice.gov/epstein/files/DataSet%209/EFTA01114630.pdf
EFTA01137434Set 9
2014-09-3011p2,579w
Closing Price
UNITED TECHNOLOGIES CORP 422,400 - - 422,400 Closing Price
AVIS BUDGET GROUP INC 268,961 - - 268,961 Closing Price
BP PLC SPONSERED ADR 223,881 - - 223,881 Closing
https://www.justice.gov/epstein/files/DataSet%209/EFTA01137434.pdf
EFTA00301312Set 9
2014-05-135p3,681w
found on J.P. Morgan's research
website, www.jpmorganmarkets.com.
Coverage Universe: Milota, Kevin: Avis Budget Group, Inc. (CAR), Carnival Corporation (CCL), Harley-Davidson (HOG), Hertz
Global Holdings, Inc. (FITZ), Norwegian Cruise
https://www.justice.gov/epstein/files/DataSet%209/EFTA00301312.pdf