Morgan Stanley upgraded Zebra Technologies (ZBRA) to Equal Weight from Underweight with a price target of $400, up from $305. The firm says “healthier” consumer data points, improving retail capex and “de-risked” fiscal 2025 estimates create a more balanced risk/reward for Zebra shares. However, the analyst still believes the stock’s valuation is slightly ahead of the company’s recovery. Nonetheless Morgan Stanley thinks Zebra lacks a negative catalyst in the near term.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 $407 from $347 at Barclays
- Zebra Technologies’ Financial Vulnerability: The Critical Need for IT System Stability
- Zebra Technologies price target raised to $305 from $290 at Morgan Stanley
- Zebra Technologies price target raised to $425 from $380 at TD Cowen
- Zebra Technologies price target raised to $415 from $380 at Baird