Barclays raised the firm’s price target on Motorola Solutions to $333 from $322 and keeps an Overweight rating on the shares. The analyst says Motorola achieved record Q3 orders with the backlog holding flat quarter-over-quarter. The fiscal 2024 sales and earnings guidance were lifted again, despite Airwave revenue being recognized in accordance with the CMA’s prospective price control, the analyst tells investors in a research note.
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