Zebra Technologies price target raised to $415 from $380 at Baird

Baird raised the firm’s price target on Zebra Technologies (ZBRA) to $415 from $380 and keeps an Outperform rating on the shares. The firm said 3Q produced another beat/raise quarter with demand gaining incremental strength/breadth; yet still constrained by macro. 4QE looks more reflective of typical seasonality, including larger deals/YE budget flush.