BofA raised the firm’s price target on Motorola Solutions (MSI) to $520 from $440 and keeps a Buy rating on the shares. After having recently attended the IACP Conference, where the firm met with public safety companies such as Motorola Solutions and Cellebrite (CLBT), the firm says that vendors are shifting toward platformization, AI is “a force multiplier of opportunity,” and notes that demand for SaaS/Cloud is growing.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSI:
- Motorola Solutions Increases CEO Incentive, Grants Executive Retention Awards
- T-Mobile introduces ‘T-Priority’ for first responders
- Motorola Solutions price target raised to $510 from $460 at Jefferies
- Motorola Solutions price target raised to $500 from $450 at Evercore ISI
- Motorola Solutions Appoints Elizabeth Mann to Expanded Board