UPDATE: J.P. Morgan Upgrades Zebra Technologies to Neutral (ZBRA)

J.P. Morgan is out with its report today on Zebra Technologies ZBRA, upgrading shares from Underweight to Neutral. In a note to clients, J.P. Morgan writes, "We are raising estimates for ZBRA and upgrading the stock to a Neutral rating; our price target goes to $41.50. We met with ZBRA management on March 21st, and exited the meeting encouraged by the firm's execution focus and the CEO's confidence that ZBRA growth can outpace GDP owing to focus on emerging markets and differentiation through innovation." Shares of ZBRA closed Thursday at $38.14, up 2.25% from Wednesday's close.