J.P. Morgan Expects Strong 2Q11 Results On Zebra Technologies

According to J.P. Morgan, Zebra Technologies ZBRA expects strong 2Q11 results. J.P. Morgan said that solid results from ScanSource (sales up 25% y/y) and improving bookings at NCR (retail up 3% y/y) point to recovering demand in key end-markets. “We think there's a replacement cycle under way in the retail vertical, which is leading to stronger sales. We also believe ZBRA should benefit in 2011 from a major product cycle overhaul (12 new products) and the targeted introduction of specialty printers for the China market.” Zebra Technologies closed yesterday at $42.37.