J.P. Morgan Upgrades Zebra Technologies To Overweight

According to J.P. Morgan, Zebra Technologies ZBRA is upgraded to Overweight. J.P. Morgan said that it is increasing revenue and EPS estimates slightly through 2012, raising the Price Target to $46 and upgrading ZBRA to Overweight. “Though we believe ZBRA will slightly beat 1Q expectations when the company reports on Wednesday, our rationale for upgrading is medium-term focused. We believe ZBRA can generate EPS significantly above current 2012 expectations owing to improving demand from retail and global supply-chains, an upgrade cycle spurred by new product introductions, focus on growth in emerging markets (esp. China), and improved operating leverage post the Navis divestiture.” Zebra Technologies closed yesterday at $39.29.