UPDATE: JPMorgan Downgrades Zebra Technologies (ZBRA) to Neutral

November 5, 2019 4:12 AM EST
Get Alerts ZBRA Hot Sheet
Price: $552.48 +0.80%

Rating Summary:
    11 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - November 5, 2019 4:56 AM EST)

(updated comment)

JPMorgan analyst Paul Coster downgraded Zebra Technologies (NASDAQ: ZBRA) from Overweight to Neutral with a price target of $250.00.

The analyst comments "We are downgrading ZBRA to Neutral on valuation. The stock has traded up 55% YTD (S&P up 22%), and ZBRA is now in close proximity to our price target with the stock trading at elevated forward multiples that price in mid-single-digit top-line, high-single-digit EPS growth in our view. Execution is first rate, the company is garnering market share in the MC space, and we see limited downside risk to estimates."

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 $248.35 yesterday.

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