UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Motorola Solutions on Q1 IT Hardware/Wireless Equipment Preview

In a report published Friday, Jefferies analyst Peter Misek reiterated a Buy rating on Motorola Solutions

, and raised the price target from $67.00 to $75.00. In the report, Misek noted, “Our MSI checks are stable despite the narrowbanding deadline and sequester. We introduce 2014 estimates above St driven by the national public safety build-out and raise our target from $67 to $75. We expect an in-line quarter and guidance for EMC, solid quarters from PRLB and SWIR, and more mixed results from NVTL and ALLT.” Motorola Solutions closed on Thursday at $62.13.