Zebra Technologies initiated with an Outperform at Credit Suisse

Credit Suisse analyst Guy Hardwick initiated coverage of Zebra Technologies with an Outperform rating and $319 price target. Zebra is a market leader in automatic identification and data capture and is reinvesting its core earnings in adjacent markets, including machine vision and robotics, which should raise its average growth, Hardwick tells investors in a research note. The analyst believes the stock’s valuation implies "too negative" a view on 2023 estimates.