UPDATE: Imperial Capital Downgrades Zebra

In a research note released Tuesday, Imperial Capital analyst Michael Kim downgraded Zebra Technologies ZBRA from Outperform to In-line, maintaining his $85.50 price target.

The analyst stated that he is expecting significant operating synergies with the Motorola acquisition.

Kim is also looking for potential upside from cyclical growth of the Enterprise business, which was weakened in the fourth quarter of 2014.

Shares of the company are down 2.04 percent Tuesday.