TD Cowen lowered the firm’s price target on Zebra Technologies (ZBRA) to $400 from $425 and keeps a Buy rating on the shares. The firm said fears of a much larger revenue and tariff problem did not materialize and the forward assumptions seem appropriate, if not conservative. Similar to others, assumed price is being offset by a volume contingency. Cowen continues to believe logistics markets have pent-up momentum that was in process of being released pre-tariff.
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