Zacks Investment Research downgraded shares of ZIPCAR INC (ZIP) from NEUTRAL to UNDERPERFORM on August 06, 2012, with a target price of $5.60.
Zipcar Inc. is engaged in operating car sharing network providing self-service vehicles to members located in reserved parking spaces throughout the neighborhoods where they live and work. The Company's vehicles are available for use through its reservation system available by phone, internet or wireless mobile devices. Once the vehicle is reserved the member unlocks the vehicle with his or her keyless entry card and drives away. Its primary solutions include: Individual Membership, Zipcar for Universities, Zipcar for Business and Zipcar for Government and FastFleet. Zipcar Inc. is headquartered in Cambridge, Massachusetts.
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