Nomura Securities Maintains a 'Neutral' on Motorola Solutions (MSI); 3Q Review
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Price: $349.02 +1.13%
Rating Summary:
18 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
18 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Nomura Securities maintains a 'Neutral' on Motorola Solutions Inc. (NYSE: MSI) price target of $48.00.
Nomura analyst, Stuart Jeffrey, said, "MSI reported revenue in line with expectations despite disposals worth 2% of revenue. EPS beat by 5¢, with disposals having a 2¢ positive impact and the share buyback a 1.3¢ positive impact. Cash dynamics remain strong and guidance appears conservative again. With expectations having risen and costs having normalised, further earnings momentum could prove more modest. In the event of a strong market recovery, however, we would expect MSI to underperform, given its already-strong financials and likely lower gearing into an upturn. On valuation, we see fair value at USD 48."
For more ratings news on Motorola Solutions Inc. click here and for the rating history of Motorola Solutions Inc. click here.
Shares of Motorola Solutions Inc. closed at $46.51 yesterday.
Nomura analyst, Stuart Jeffrey, said, "MSI reported revenue in line with expectations despite disposals worth 2% of revenue. EPS beat by 5¢, with disposals having a 2¢ positive impact and the share buyback a 1.3¢ positive impact. Cash dynamics remain strong and guidance appears conservative again. With expectations having risen and costs having normalised, further earnings momentum could prove more modest. In the event of a strong market recovery, however, we would expect MSI to underperform, given its already-strong financials and likely lower gearing into an upturn. On valuation, we see fair value at USD 48."
For more ratings news on Motorola Solutions Inc. click here and for the rating history of Motorola Solutions Inc. click here.
Shares of Motorola Solutions Inc. closed at $46.51 yesterday.
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