Motorola Solutions price target raised to $385 from $375 at Jefferies

Jefferies raised the firm’s price target on Motorola Solutions to $385 from $375 and keeps a Buy rating on the shares. The firm’s updated analysis of newly enacted fiscal 2024 budgets across 15 of the largest cities in the U.S. suggests that Motorola Solutions should continue to benefit from a strong macro spending environment, says the analyst, who continues to see “good potential upside.”