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In a report published Monday, Oppenheimer analyst Jason Helfstein terminated the firm's coverage of Zipcar
ZIP.
In the report, Helfstein noted, “We are discontinuing research coverage of Zipcar, due to the completion of the company's acquisition by Avis Budget Group (CAR-NASDAQ, $27.88, Not Covered) for $500 million. At the time of discontinuation, we did not have a rating on ZIP shares.”
Zipcar closed on Friday at $12.25.
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