Zebra Technologies Corp. (ZBRA) is One of J.P. Morgan’s Top 2017 Picks
J.P. Morgan analyst Paul Coster has chosen Zebra Technologies Corp. (NASDAQ: ZBRA) as one of his top picks for 2017 in the Alternative Energy, Applied and Emerging Technologies space.
Coster reiterated his Buy rating for the tracking and computer printing tech company, which has an analyst consensus rating on TipRanks of Strong Buy based on analyst recommendations made in the last three months.
Zebra Tech recently repriced its $1.7 billion term loan, which is expected to generate annualized interest expense savings of approximately $13 million based on the principal balance outstanding.
Coster, who has a 44% success rate according to TipRanks‘ financial accountability engine, also named Diebold Nixdorf Inc (NYSE:DBD) and NCR Corporation (NYSE:NCR) as the sector’s other “value ideas” for the coming new year.
The average analyst price target for Zebra Tech on TipRanks is $83.33, which marks a downside of 3% from the current share price.