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Wells Fargo Starts Zebra Technologies (ZBRA) at Market Perform

February 8, 2013 7:37 AM EST Send to a Friend
Get Alerts ZBRA Hot Sheet
Price: $82.04 --0%

Rating Summary:
    0 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 16 | New: 2
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Wells Fargo initiates coverage on Zebra Technologies (NASDAQ: ZBRA) with a Market Perform rating and $44.50-$47 valuation range.

The firm comments, "Zebra is the leading provider of specialty printers for the manufacturing, retail, and healthcare markets with a strong market position, solid long-term growth outlook, and stable margin profile. We think ZBRA is an attractive long-term investment opportunity, but are cautious on near-term enterprise spending and view the stock as fairly valued at about 13.5x our 2013 EPS excluding about $7 of net cash. Our range is $44.50-47.00, which is 14-15x 2013E EPS plus net cash."

For an analyst ratings summary and ratings history on Zebra Technologies click here. For more ratings news on Zebra Technologies click here.

Shares of Zebra Technologies closed at $43.70 yesterday.




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