Motorola Solutions Inc. (MSI) PT Raised to $137 at JPMorgan, Following Model Update, CFO Change

July 1, 2020 11:45 AM EDT
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Price: $223.60 -0.08%

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    16 Buy, 7 Hold, 2 Sell

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    Up: 18 | Down: 11 | New: 8
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JPMorgan analyst Paul Coster raised the price target on Motorola Solutions Inc. (NYSE: MSI) to $137.00 (from $130.00) while maintaining a Underweight rating.

Motorola Solutions Inc. (NYSE: MSI) announced yesterday after trading close that Jason Winkler has been named executive vice president and chief financial officer, effective July 1, 2020. Winkler succeeds Gino Bonanotte, who has decided to retire from Motorola Solutions on December 31, 2020. Bonanotte will work closely with Winkler through the remainder of 2020 to ensure a smooth transition.

Motorola Solutions Inc. (NYSE: MSI) also announced that it reaffirms its second quarter revenue guidance of a decline of (17%) to (14%) compared to the second quarter of 2019 and its non-GAAP earnings per share guidance in the range of $1.18 to $1.27.

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