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Fly News Breaks for August 7, 2018
MSI
Aug 7, 2018 | 08:18 EDT
Argus analyst Jim Kelleher raised his price target on Motorola Solutions to $140 and kept his Buy rating after its Q2 earnings beat and raised FY18 guidance. The analyst notes "solid demand" persisting for land and mobile radio systems and devices in the Americas, along with the company's 10% increase in backlog to $9.4B. Kelleher also cites the company's shift in focus on software and services as evidenced by its recent acquisitions, leading to more stable revenue and margin trends.
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