Zipcar (fka ZIP)

[vinnybotz]

MARKET TALK: Zipcar Offers Road To Returns For Investors

7:36 AM ET 6/10/11 | Dow Jones JPMorgan says the recent pullback on Zipcar (ZIP) presents an opportunity to invest in an early-stage, fast-growth leader in a multi-billion-dollar market, and upgrades the stock to overweight from neutral. ZIP soared as high as $31.50 the day after its IPO at $18 on April 13, but has since dropped back under $20. ZIP has over a 75% share of the auto-sharing market, which yields the benefits of auto ownership without high cost and hassle and engenders sustainable consumption, firm says, while Frost & Sullivan forecasts tenfold growth in car-sharing members through 2016. Shares unchanged at $19.35 premarket. ([e-mail])