Zebra Technologies initiated with an Equal Weight at Barclays

Barclays initiated coverage of Zebra Technologies with an Equal Weight rating and $292 price target. Zebra is an industrial hardware and software provider to the automatic identification capture and enterprise asset intelligence markets that should benefit from mid- to high-single digit revenue growth and ramping cash flow once end market demand recovers, the analyst tells investors in a research note. However, the firm says near-term visibility around a recovery in customer spend and automation efforts is unclear.