Zipcar (ZIP) Shares Continue Lower as Avondale Cuts to Market Perform

April 26, 2012 9:43 AM EDT
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Price: $4.21 -18.57%

Rating Summary:
    2 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Avondale Partners' Fred Lowrance downgraded shares of Zipcar (NASDAQ: ZIP) from Market Outperform to Market Perform Thursday morning following the company's Q1 results on Wednesday.

On the other side of the trade, an analyst at Needham reiterated a Buy rating on Zipcar this morning.

The stock is continuing sharply lower this morning. After falling nearly 11 percent to close Wednesday's session, Zipcar shares are down more than 4 percent to $11.83 at last check.

For an analyst ratings summary and ratings history on Zipcar click here. For more ratings news on Zipcar click here.


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