Billy Kovanis

Avis Budget Group Inc.’s (NASDAQ: CAR) stock has climbed more than 62 percent in the past month. Investors seem to be either assigning more value in the company’s nearer-term earnings than its earnings in outer-years, or expecting higher normalized EBITDA, according to Morgan Stanley....

Following Harley-Davidson Inc’s (NYSE: HOG) strong first-quarter earnings, investors have become bullish on the company’s potential turnaround and seem to be under-estimating the secular challenges ahead, according to Morgan Stanley. The Harley-Davidson Analyst: Billy Kovanis downgraded...