Morgan Stanley lowered the firm’s price target on Zebra Technologies (ZBRA) to $232 from $390 and keeps an Equal Weight rating on the shares. Tariffs add more uncertainty into the networking spending market, where demand intentions were “strong, but weakening,” the analyst tells investors. The breadth of the tariffs announced on April 2 “leave little room to hide,” challenging margins, demand or both, the analyst added in a note on the telecom and networking equipment group.
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Read More on ZBRA:
- Zebra Technologies, Merck KGaA enter safety and traceability solutions pact
- Cautious Optimism: Zebra Technologies’ Strong Start and Strategic Outlook Amid Market Overreaction
- Zebra Technologies price target lowered to $380 from $432 at Baird
- Zebra Technologies price target lowered to $425 from $445 at UBS
- Zebra Technologies’ Earnings Call: Robust Q4 Amidst Future Uncertainties
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