Morgan Stanley Opens 30-Day Research Tactical Idea on Motorola Solutions

Morgan Stanley has opened a research tactical idea on Motorola Solutions (NYSE: MSI) believing the share price will rise over the next 30 days.In the report, Morgan Stanley writes, "Congress is likely to approve tomorrow or Saturday an extension of the payroll tax cut which now includes a provision related to the allocation of D Block spectrum for Public Safety LTE along with $5-7B of funding which would most likely go to state LTE projects over the next 3-4 years. MSI is likely to be a critical supplier to those buildouts. An industry conference (IWCE) next week and the MSI Analyst Day on March 9th are likely to generate renewed interest in the revenue opportunity in public safety LTE that has waned as previous attempts in congress last year failed."Morgan Stanley maintains its Equal-weight rating on Motorola Solutions, which is currently trading up $0.28 from yesterday's $48.21 closing price.