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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Motorola Solutions

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In a report published Friday, Jefferies & Company reiterated its Buy rating on Motorola Solutions (NYSE: MSI), and raised its price target from $60.00 to $67.00.

Jefferies noted, “We are positive on MSI heading into Q4 earnings and are cautious on CRNT and NVTL. We think EMC's Q4 was not as bad as feared and that IBM will likely have a solid 2013 outlook. For MSI, our checks indicate that Government public safety remained stable despite the Dec 31 narrowbanding deadline. On the macro we see improving U.S. and China consumer demand, lukewarm enterprise spending, and excess PC inventory.”

Motorola Solutions closed on Thursday at $58.04.

Latest Ratings for MSI

DateFirmActionFromTo
Nov 2017JefferiesMaintainsBuy
Aug 2017Deutsche BankMaintainsHold
May 2017Raymond JamesUpgradesMarket PerformOutperform

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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