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UPDATE: Oppenheimer Terminates Coverage on Zipcar Following Acquisition by Avis Budget Group


In a report published Monday, Oppenheimer analyst Jason Helfstein terminated the firm's coverage of Zipcar (NASDAQ: 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.

Latest Ratings for ZIP

Mar 2013Terminates
Jan 2013UpgradesSellNeutral
Jan 2013TerminatesPerform

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Posted-In: OppenheimerAnalyst Color Termination Analyst Ratings


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Latest Ratings

WENMorgan StanleyMaintains22.0
XGNCantor FitzgeraldInitiates Coverage On18.0
LOOPRoth CapitalInitiates Coverage On14.0
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