Cowen lowered its price target on Motorola Solutions Inc. (NYSE: MSI) to $75.00 (from $77.00) while maintaining a Market Perform rating. MSI reported relatively strong 1Q17 Rev and EPS, while guiding for in-line rev and EPS.

MSI narrowed its CY17 Revenue guidance to 2% Y/Y growth or ~$6.16B from its prior 1-2% Y/Y or $6.10 – 6.16B guidance and raised its PF EPS guidance to $5.08-5.23 from $5.05 –5.20 v. v. the Street’s $6.14B/$5.17 previous respective estimates.