Morgan Stanley Maintains Equal-Weight Rating on Motorola Solutions
A report from Morgan Stanley reiterates its Equal-Weight rating on Motorola Solutions (NYSE: MSI).
The report states, “Q3 revenue of $2,105M, up a strong 10.3% y/y and 4.8% q/q, vs our $2,093M est beat on stronger Gov't Revenue of $1,379M vs our $1,356M. Enterprise was $11M below our estimate, likely due to the impact of the sale of the Canopy business."
MSI closed yesterday at $45.78.
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