Motorola Solutions price target lowered to $525 from $540 at Truist

Truist lowered the firm’s price target on Motorola Solutions (MSI) to $525 from $540 and keeps a Buy rating on the shares. The firm notes the company’s Q1 earnings beat and also states that at a time when valuations for most of its coverage group sit at/near all-time highs, Motorola has reset back near its 5-year historical average, the analyst tells investors in a research note. Truist adds that it sees favorable risk-reward on the stock given the company’s leadership in the highly defensive public safety market, increasingly sticky revenue mix, and accelerating top-line growth.