{"id":15821,"date":"2023-09-22T23:28:02","date_gmt":"2023-09-22T23:28:02","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/stocks\/zebra-technologies-shares-fall-after-morgan-stanley-downgrade-pace-of-recovery-likely-slower-than-expected\/"},"modified":"2023-09-22T23:28:04","modified_gmt":"2023-09-22T23:28:04","slug":"zebra-technologies-shares-fall-after-morgan-stanley-downgrade-pace-of-recovery-likely-slower-than-expected","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=15821","title":{"rendered":"Zebra Technologies shares fall after Morgan Stanley downgrade, ‘pace of recovery likely slower than expected’"},"content":{"rendered":"
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\u00a9 Reuters. Zebra Technologies (ZBRA) shares fall after Morgan Stanley downgrade, ‘pace of recovery likely slower than expected’<\/span>
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Zebra Technologies Corporation (NASDAQ:) fell more than 5% Wednesday after Morgan Stanley analysts downgraded the stock to Underweight from Equal-Weight, with a new price target of $220, down from $260 per share.<\/p>\n

They told investors in a note that the pace of the company’s recovery is likely slower than expected.<\/p>\n

ZBRA is a “high-quality company, but growth headwinds challenge [the] growth rebound for next 12-24 months,” wrote the analysts. “Weaker consumer data points, inventory digestion, and more secular headwinds around capacity absorption post COVID e-commerce overbuild meaningfully lowers our expectations of ZBRA’s run-rate earnings power over at least the next 12-24 months, causing challenges in maintaining current valuation.”<\/p>\n

“As a result of these headwinds, we tend to think that eventual run-rate earnings will be elevated to what we saw pre-COVID, but nowhere near 2021\/2022 levels, causing earnings power to be closer to ~$13-15 vs. $18 at peak (vs. Street estimates for 2025 EPS north of $16),” the analysts added.<\/p>\n

Given the longer-term earnings power that Morgan Stanley believes will come in over the next year for the company, they think the risk-reward is skewed negatively over the next 12 months.<\/p>\n

Even so, they stated: “ZBRA is a name that we continue to feel has upside opportunity on a multi-year basis given exposure to digitizing end markets like retail\/manufacturing\/transportation and logistics, growing software exposure, and attractive positioning in key growth areas like Machine Vision and RFID, but view near-term headwinds as more meaningful than currently contemplated.”<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Zebra Technologies (ZBRA) shares fall after Morgan Stanley downgrade, ‘pace of recovery likely slower than expected’ Zebra Technologies Corporation (NASDAQ:) fell more than 5% Wednesday after Morgan Stanley analysts downgraded the stock to Underweight from Equal-Weight, with a new price target of $220, down from $260 per share. They told investors in a […]<\/p>\n","protected":false},"author":1,"featured_media":15822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[37],"tags":[],"class_list":{"0":"post-15821","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nZebra Technologies shares fall after Morgan Stanley downgrade, 'pace of recovery likely slower than expected' | Prosfunds<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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