Morgan Stanley Closes Research Tactical Idea on Motorola Solutions

Morgan Stanley has closed its research tactical idea on Motorola Solutions after the stock price moved according to expectations. In the report, Morgan Stanley writes, "As we had anticipated when we initiated a positive RTI, legislation giving D Block spectrum and $7B of funding to public safety was signed by President Obama in February. Additionally, MSI at its Analyst Day increased its 2014 operating margin target to 17-19% from its prior target of 16-18% and hinted at additional share buy-backs beyond the existing authorization." Morgan Stanley maintains its Equal-weight rating on Motorola Solutions, which is currently trading down $0.77 from yesterday's $51.76 closing price. View the opening of the research tactical idea here.