Zebra Technologies price target raised to $301 from $263 at Barclays

Barclays analyst Tim Long raised the firm’s price target on Zebra Technologies (ZBRA) to $301 from $263 and keeps an Equal Weight rating on the shares. Q2 results came in ahead of expectations and management lifted fiscal year guidance, notes the analyst, who attributes the post-earnings dip in shares to a continued lack of visibility in mobile compute refresh timing, a lack of large deal announcements and softness called out in European markets. The firm views the lift in guidance as “positive, though not necessarily surprising,” but sees a lack of positive data points around a return in higher customer spending “keeping the stock pressured in the near-term.”