Goldman Sachs Starts Zipcar (ZIP) at Neutral
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Price: $3.61 +0.84%
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
Rating Summary:
2 Buy, 7 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 11 | New: 27
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Goldman Sachs initiates coverage on recent IPO Zipcar (NASDAQ: ZIP) with a Neutral rating and $24 price target.
The firm said Zipcar is an active hybrid between an internet model and a traditional car rental business, however the company faces rising competition and execution risk as it enters new, international markets as well as exposure to higher fuel costs.
For more ratings news on Zipcar click here and for the rating history of Zipcar click here.
Shares of Zipcar closed at $25.20 yesterday.
The firm said Zipcar is an active hybrid between an internet model and a traditional car rental business, however the company faces rising competition and execution risk as it enters new, international markets as well as exposure to higher fuel costs.
For more ratings news on Zipcar click here and for the rating history of Zipcar click here.
Shares of Zipcar closed at $25.20 yesterday.
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