Morgan Stanley Downgrades Zebra Technologies to Underweight, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Meta Marshall has downgraded Zebra Technologies (NASDAQ:ZBRA) from Equal-Weight to Underweight and lowered the price target from $260 to $220.
September 20, 2023 | 9:18 am
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Zebra Technologies has been downgraded by Morgan Stanley from Equal-Weight to Underweight, with a lowered price target from $260 to $220.
The downgrade from Morgan Stanley is a negative signal for Zebra Technologies. The lowered price target suggests that the analyst believes the stock is overvalued at current levels, which could put downward pressure on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100