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Fly News Breaks for February 5, 2018
MSI
Feb 5, 2018 | 09:24 EDT
MKM Partners analyst Michael Genovese raised his price target on Motorola Solutions to $116 after the company's "solid" Q4 results led by U.S. Products and Global Services divisions. The analyst also notes the company's positive FY18 outlook, though estimates that about 75% of the EPS revision was due to the benefits of U.S. tax changes and 25% to fundamentals. Genovese keeps his Neutral rating on valuation, adding that it is also "difficult to see a lot of fundamental acceleration beyond current estimates in the near-term".
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