UPDATE: J.P. Morgan Reiterates Neutral Rating, Lowers PT on Zipcar
January 02, 2013 at 13:56 PM EST
In a report published Wednesday, J.P. Morgan & Co. reiterated its Neutral rating on Zipcar (NASDAQ: ZIP ), but slightly lowered its price target from $13.00 to $12.25. J.P. Morgan noted, “We are trimming our price target slightly to $12.25, from $13.00, to match Avis Budget Group's all cash bid
