Motorola Solutions (MSI) Received its Third Buy in a Row


After Credit Suisse and Jefferies gave Motorola Solutions (NYSE: MSI) a Buy rating last month, the company received another Buy, this time from Cowen & Co. Analyst Paul Silverstein reiterated a Buy rating on Motorola Solutions yesterday and set a price target of $146. The company’s shares closed yesterday at $117.67.

According to TipRanks.com, Silverstein is a 5-star analyst with an average return of 29.4% and a 60.6% success rate. Silverstein covers the Consumer Goods sector, focusing on stocks such as Ribbon Communications Inc, Applied Optoelectronics, and Acacia Communications.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Motorola Solutions with a $133.67 average price target, which is a 13.6% upside from current levels. In a report issued on July 23, Jefferies also maintained a Buy rating on the stock with a $140 price target.

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The company has a one-year high of $125.31 and a one-year low of $82.86. Currently, Motorola Solutions has an average volume of 1.2M.

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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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