Update: Morgan Stanley Ups Motorola Solutions' PT to $365 From $335, Reflecting FY25 Earnings Estimate, Keeps Equalweight Rating

MT Newswires Live06-18

(Updates with the analyst's commentary.)

Morgan Stanley raised Motorola Solutions' (MSI) price target to $365 from $335, citing double-digit earnings growth.

Industrial technology market has mostly remained unaffected by the prevailing AI exposure, resulting in performance in-line with the Nasdaq, Morgan Stanley added in a Tuesday note.

Similarly, Motorola Solutions is less prone to AI disruptions, which also lead to the price target increase, the brokerage said.

"Downside risks to our PT include competitive pressures in the video market, continued macro headwinds, key management changes, or regulatory developments", Morgan Stanley added.

Morgan Stanley has an equalweight rating on the firm's stock.

Motorola Solutions has an average outperform rating and a price target range of $360 to $405, according to analysts polled by Capital IQ.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 382.17, Change: -0.65, Percent Change: -0.17

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