Truist raised the firm’s price target on Zebra Technologies (ZBRA) to $319 from $269 but keeps a Hold rating on the shares. The company’s guidance raise was largely driven by more favorable FX and Photoneo, whereas the organic growth guide was essentially unchanged, the analyst tells investors in a research note. Zebra’s Transportation & Logistics and Retail and E-Commerce are seeing outsized topline growth with Manufacturing lagging and Healthcare facing tough comparisons, the firm added.
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