UPDATE: JPMorgan Downgrades Motorola Solutions Inc. (MSI) to Underweight

May 8, 2020 4:19 AM EDT
Get Alerts MSI Hot Sheet
Price: $223.78 +1.04%

Rating Summary:
    16 Buy, 7 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 19
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(Updated - May 8, 2020 4:33 AM EDT)

(updating comment)

JPMorgan analyst Paul Coster downgraded Motorola Solutions Inc. (NYSE: MSI) from Neutral to Underweight with a price target of $130.00 (from $168.00).

The analyst comments "MSI stock is trading at 18.5x our revised 2020 PF EPS forecast of $7.36, a ~11% premium to the three-year mean multiple. With the stock trading in close proximity to our revised Dec 2020 price target of $130, we believe the stock is approximately fairly valued, and we expect MSI to underperform the mean of our coverage in the next 6-12 months, particularly given the uncertainty regarding COVID-19 and whether it has a lasting impact on MSI’s growth potential. The downgrade is not a call to short the stock."

For an analyst ratings summary and ratings history on Motorola Solutions Inc. click here. For more ratings news on Motorola Solutions Inc. click here.

Shares of Motorola Solutions Inc. closed at $136.21 yesterday.


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