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Fly News Breaks for September 11, 2015
MSI
Sep 11, 2015 | 08:03 EDT
Wells Fargo downgraded Motorola Solutions to Undperperform saying the stock is "significantly mispriced" following the recent rally. The tender executed on Thursday where the company bought 30.1M million shares at $66.50 is likely to mark a mid-term top in the stock, Wells tells investors in a research note. The public safety communications market is mature and the evolution to LTE presents a long-term challenge for Motorola Solutions, the firm believes. It has a $60.50-$62 price target range for the stock.
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