Citron Research Negative Again on Motorola Solutions (MSI)

(Updated - August 23, 2017 10:28 AM EDT)

Citron Research was out negative on Motorola Solutions (NYSE: MSI) Wednesday, furthering its original case made against the company in February 2017.

In the updated report, Citron reiterated their $45 price target and highlighted that:

• Motorola Solutions (NYSE: MSI) is on the wrong side of a mega-trend (LMR to LTE)
• The effects of FirstNet will weaken Motorola pricing power
• 70%+ of the company’s EBITDA is monopoly priced handsets; increased discounting emerges

More from Citron here

You May Also Be Interested In

• Price choppiness and volatility is here to stay - BMO
• General Motors (GM) CFO: Expect to return to profits in Q2 in China
• EU Antitrust Regulators Concerned About Impact of KKR, Telecom Italia Deal on Viability of Wholesale Market - Reuters