Evercore ISI raised the firm’s price target on Motorola Solutions to $500 from $450 and keeps an Outperform rating on the shares. After having had the opportunity to meet with several executives from Motorola Solutions’ management team during a visit to headquarters, the analyst walked away from the meetings with “incremental confidence” around end demand, backlog, product differentiation, and margin expansion, citing “a more solidified view of the company’s ability to consistently execute” for an increased price target.
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