Piper Sandler analyst James Fish initiated coverage of Motorola Solutions (MSI) with a Neutral rating and $495 price target Positively, the firm likes the company’s “LMR stickiness and market share,” state and local government exposure, an increasing mix towards recurring revenue and the recent Silvus acquisition, but the first half bookings slowdown, elevated sentiment, and valuation near peak-levels “leaves us looking elsewhere,” the analyst tells investors.
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