J.P. Morgan Raises Price Target of Zebra Technologies (ZBRA) to $46

J.P. Morgan raised the price target on Zebra Technologies ZBRA from $41.50 to $46 A report by J.P. Morgan credits upgrade to increasing revenue and EPS estimates which is brought on by expectations that ZBRA will generate EPS well above the expectations for 2012. J.P. Morgan cites "We believe ZBRA can generate EPS significantly above current 2012 expectations owing to improving demands from retail and global supply-chains, an upgrade cycle spurred by new product introductions, focus on growth in emerging markets (esp. China) and improving operating leverage post the Navis divestiture." Shares of Zebra Technology (ZBRA) closed at $39.29 yesterday.