Zebra Technologies Introduces Zebra Pay™ Enterprise-Grade Mobile Payment Solution

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Zebra Technologies (ZBRA) shares fall after Morgan Stanley downgrade, 'pace of recovery likely slower than expected'

September 20, 2023 2:20 PM EDT

Zebra Technologies (NASDAQ: ZBRA) fell more than 5% Wednesday after Morgan Stanley analyst Meta Marshall downgraded the stock to Underweight from Equal-Weight, with a new price target of $220, down from $260 per share.

Marshall told investors in a note that the pace of the company's recovery is likely slower than expected.

ZBRA is a "high-quality... More