Motorola Solutions price target raised to $503 from $499 at Piper Sandler

Piper Sandler analyst James Fish raised the firm’s price target on Motorola Solutions (MSI) to $503 from $499 and keeps an Overweight rating on the shares. The firm says Motorola reported a “standard” quarter, beating estimates by 1% and slightly raising the guide given the underlying strength this quarter in Command Center, Silvus, Video, and AI-attach. With multiple catalysts ahead, a team executing well, a heating-up drone / anti-jamming market, a stable customer base, and an AI-narrative that Piper sees in MSI’s and the space’s favor, the firm continues to want to own this one.