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.
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