Credit Suisse Believes Motorola Solutions (MSI) Still Has Room to Grow


In a report released yesterday, Sami Badri from Credit Suisse assigned a Buy rating to Motorola Solutions (NYSE: MSI), with a price target of $129. The company’s shares closed yesterday at $122.45, close to its 52-week high of $122.57.

Badri said:

“We note that MSI is one of five vendors contracted by the U.S. Army to help modernize their communications systems.”

According to TipRanks.com, Badri is a 1-star analyst with an average return of -2.0% and a 54.3% success rate. Badri covers the Consumer Goods sector, focusing on stocks such as Ubiquiti Networks, CommScope Holding, and Juniper Networks.

Currently, the analyst consensus on Motorola Solutions is a Strong Buy with an average price target of $129.25, which is a 5.6% upside from current levels. In a report issued on July 11, Cowen & Co. also upgraded the stock to Buy with a $138 price target.

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Based on Motorola Solutions’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.47 billion and net profit of $117 million. In comparison, last year the company earned revenue of $1.5 billion and had a net profit of $131 million.

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Motorola Solutions, Inc. engages in the provision of communication infrastructure, devices, accessories, software and services. It operates through the Products and Services segments. The Products segment offers an extensive portfolio of infrastructure, devices, accessories, and software.

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