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Goldman Sachs Downgrades Zipcar (ZIP) to Neutral on Takeover Deal

January 2, 2013 12:34 PM EST
Get Alerts ZIP Hot Sheet
Price: $4.70 -0.42%

Rating Summary:
    2 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Zipcar (NASDAQ: ZIP) from Buy to Neutral with a price target of $11.50 (from $8.75) following today's takeover deal at a 49% premium.

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

Shares of Zipcar closed at $8.27 yesterday.


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