Northcoast Research Keeps Their Buy Rating on Motorola Solutions (MSI)


Northcoast Research analyst Keith Housum reiterated a Buy rating on Motorola Solutions (NYSE: MSI) today and set a price target of $128. The company’s shares closed on Friday at $117.67.

Housum has an average return of 18.9% when recommending Motorola Solutions.

According to TipRanks.com, Housum is ranked #2490 out of 4846 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Motorola Solutions with a $133.67 average price target, 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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Based on Motorola Solutions’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.76 billion and net profit of $180 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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