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Fly News Breaks for May 6, 2019
MSI
May 6, 2019 | 07:12 EDT
MKM Partners analyst Michael Genovese raised his price target on Motorola Solutions to $143 after its better than expected Q1 revenues with "solid" organic growth of 4% and a 8% rise in backlog. The analyst is keeping his Neutral rating on the stock however, saying that while Motorola Solutions is a "steady and well-managed" company that is immune from macro downturns, its forward earnings multiple of 17-times is "on the richer side."
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