Baird Starts Zebra Technologies (ZBRA) at Neutral
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Rating Summary:
14 Buy, 7 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
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Baird initiated coverage on Zebra Technologies (NASDAQ: ZBRA) with a Neutral rating and a price target of $125. Analyst Richard C. Eastman said he was waiting for a more attractive entry point.
"The Enterprise acquisition serves as a transformational expansion of ZBRA's business, adding scale, an enhanced value proposition to customers and the channel, expands the addressable market opportunity and adds momentum to the initiative to grow the services business. Our valuation perspective suggests the current price offers a reasonably balanced return/risk profile. We await a more attractive entry point. Our $125 price target equates to 12X CY16E EV/EBITDA," said Eastman.
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 $114.26 yesterday.
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