Piper Sandler lowered the firm’s price target on Motorola Solutions (MSI) to $465 from $495 and keeps a Neutral rating on the shares. While many of the lead metrics like bookings / backlog showed an improvement over the prior quarters, with bookings hitting a record dollar-value, the organic business came in slightly lower than most had expected, and Silvus pulled in $25M of revenue from Q4, the firm says.
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Read More on MSI:
- Motorola Solutions price target lowered to $495 from $509 at Barclays
- Motorola Solutions: Strong Financial Performance and Strategic Acquisitions Drive Buy Rating
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