Motorola: Jefferies confirms 'buy' rating

(CercleFinance.com) - Jefferies reaffirms its "buy" recommendation and $335 price target on Motorola Solutions, following a visit to the telecoms equipment manufacturer's Chicago headquarters last week.


After spending time with its executives, including CEO Greg Brown, the broker says it remains " very enthusiastic about the risk/reward in the shares and continue to believe there's significant long-term upside to the model ".

" Not surprisingly, the company is seeing continued strength from State/Local spending. They pointed out that inflation - while it's generally considered a negative thing within an economy - is fine for MSI " Jefferies reports in particular.

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