UBS Downgrades Verra Mobility Corporation Following Avis Budget Contract Termination
UBS downgraded Verra Mobility (NASDAQ:VRRM) to Neutral from Buy following the termination of its contract with Avis Budget, citing uncertainty over future revenue and profit. Morgan Stanley also reduced its price target for VRRM due to concerns about the company's Commercial Services segment.
Topics: analyst rating change contract termination stock downgrade