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UPDATE: Jefferies Raises PT on Motorola Solutions on Q1 IT Hardware/Wireless Equipment Preview

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In a report published Friday, Jefferies analyst Peter Misek reiterated a Buy rating on Motorola Solutions (NYSE: MSI), 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.

Latest Ratings for MSI

DateFirmActionFromTo
Dec 2019MaintainsNeutral
Nov 2019MaintainsOutperform
Oct 2019MaintainsBuy

View More Analyst Ratings for MSI
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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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