UPDATE: JPMorgan Upgrades Shares of Zipcar (ZIP) to Overweight, Encourages Investors to Buy
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Price: $12.25 --0%
Rating Summary:
0 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
0 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade ZIP Now!
Given the recent decline in shares of Zipcar (NYSE: ZIP), JPMorgan believes that now is a great opportunity for investors to enter the stock at an early stage and has upgraded it rating on the stock from Neutral to Overweight. The firm is maintaining its price target of $29.50.
The company is a fast-growth leader in a multi-billion dollar market and has over 75 percent market share in the auto-sharing market.
Following the update shares of ZIP are current up 5.12 percent of $0.99 to $20.34.
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The company is a fast-growth leader in a multi-billion dollar market and has over 75 percent market share in the auto-sharing market.
Following the update shares of ZIP are current up 5.12 percent of $0.99 to $20.34.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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