Barclays Maintains an 'Equalweight' on Motorola Solutions (MSI); Macro Concerns Recede with Strong 3Q

Barclays maintains an 'Equalweight' on Motorola Solutions Inc. (NYSE: MSI) price target raised $3 to $47.00.

Barclays analyst says, "Broad strength reduces concerns about a macro-driven slowdown: 3Q results were healthy-sales of $2.1bn hit the top end of the range. EPS of $0.65 beat by $0.06, including $0.02 from higher sales/opex control, $0.02 from a lower share count, and $0.02 from a 1x item. The suggestion of improving, not deteriorating, end markets allows our estimates and target to rise."

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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