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Mizuho Securities USA Lowers Revenue Outlook on Motorola Solutions


In a report published Wednesday, Mizuho Securities USA analyst Matthew Hoffman reiterated a Neutral rating and $63.00 price target on Motorola Solutions (NYSE: MSI).

In the report, Mizuho Securities USA noted, “Motorola Solutions lowered its full year and 1Q14 revenue outlook BMO 4/15, and announced Zebra is buying its Enterprise unit for $3.45bn in an all-cash transaction. The company is not yet answering the question of what it will do with the cash; our new (post 4/15 guide-down) 2015 EPS is $4.03 (reduced from $4.27) and contains the still-profitable Enterprise unit.

"Post transaction, we estimate CY15 EPS will be in the $3.80 range. Trading at >15x our CY15 EPS forecast and growth in the core business elusive, we remain on the sidelines.”

Motorola Solutions closed on Tuesday at $63.78.

Latest Ratings for MSI

Apr 2019MaintainsBuyBuy
Apr 2019MaintainsBuyBuy
Feb 2019MaintainsOutperformOutperform

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Posted-In: Matthew Hoffman Mizuho Securities USAAnalyst Color Reiteration Analyst Ratings


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UPDATE: Bank of America Posts Q1 Loss

Mizuho Securities USA Feels Confident in Informatica Ahead of 1Q14 Results