Exane BNP Paribas upgraded Zebra Technologies to Neutral from Underperform with a price target of $305, up from $258. As Zebra works down inventory and volumes recover, the company’s free cash flow will accelerate, providing greater capital allocation potential, the analyst tells investors in a research note. The firm says that while warehouse automation spending “continues to drag along a bottom,” it sees greater likelihood of a recovery in 2025. While the recovery is in sight, the timing of more meaningful spending from large customers remains uncertain, Exane adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZBRA:
- Zebra Technologies price target raised to $370 from $352 at Needham
- Zebra Tech Shareholders Elect New Director, Approve Key Proposals
- Zebra Technologies price target raised to $375 from $300 at TD Cowen
- Zebra Technologies price target raised to $330 from $312 at Baird
- Zebra Technologies price target raised to $380 from $335 at Stephens