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Fly News Breaks for July 17, 2019
MSI
Jul 17, 2019 | 08:07 EDT
Argus analyst Jim Kelleher raised his price target on Motorola Solutions to $190 and kept his Buy rating, also lifting his FY20 EPS view to $8.46 from $8.27, citing the company's acquisition of WatchGuard - the "U.S.-based leader" in mobile video products and solutions. The analyst contends that the assets will add to Motorola's ability to supply in-car and body-warn video cameras to first responders as the use of those devices in citizen interactions grows. Kelleher also believes that Motorola Solutions has a good track record of integrating its acquired assets and the latest acquisition complements its video security platform and advanced analytics platform.
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