Zebra Technologies (ZBRA) Shares Rise Despite Downgrade
By Daniel James Hayden IV
February 10, 2010 11:48 PM
February 10, 2010 11:48 PM
Symbols: ZBRA
Despite being downgraded by Feltl & Co. on Wednesday, Zebra Technologies Corporation (Nasdaq: ZBRA) stock rose another 2%.
Feltl & Co. also lowered its price target for the stock from $31 to $29.
Feltl & Co's downgrade of the manufacturer and marketer of specialty printing devices was the latest in a series of downgrades for Zebra Technologies dating back to July of last year.
Yet another downgrade wasn't enough to prevent Zebra Technologies from edging closer to its 52 week high of $29.37. The stock closed Wednesday at $28.68.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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