Jefferies Maintains Buy on Motorola Solutions' Strong 4Q and 2012 Guidance

Jefferies & Company has published a research report on Motorola Solutions

after the company reported 4Q results and strong 2012 guidance. In the report, Jefferies writes, "MSI's Q4 EPS upside ($0.87 vs. St $0.81) was due to Government strength, in line with our proprietary checks. Consensus is at the high end of Q1 EPS guidance; however, full-year guidance is above the Street. We continue to expect solid Government and Enterprise results slightly exceeding expectations throughout the year with a potential kicker of public safety LTE legislation passing this Spring." Jefferies maintains its Buy rating and $58 price target on Motorola Solutions, which is currently trading down $2.62 from yesterday's $47.86 closing price.