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Fly News Breaks for January 8, 2020
ZBRA
Jan 8, 2020 | 07:44 EDT
As previously reported, Morgan Stanley analyst James Faucette downgraded Zebra Technologies to Underweight from Equal Weight with an unchanged price target of $217. The past couple of years "have played out about as well as they could have," but now Faucette is expecting slowing top-line growth and more limited earnings leverage and he feels that expectations are higher for Zebra than other names he covers on a relative basis, which he thinks will all add up to underperformance. A recent run up in the stock followed Zebra being awarded a multi-year win with USPS, but the rollout could take multiple years, the analyst added.
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