Morgan Stanley upgrades Motorola Solutions as selloff eases valuation concerns
Morgan Stanley upgraded Motorola Solutions to Overweight from Equal-weight, citing that a recent share price decline of over 20% has made valuations more reasonable. Despite concerns about a potential U.S. government shutdown and slower growth in land mobile radio equipment, the bank believes the underlying spending environment remains intact and delayed deals will likely be completed. Motorola's focus on public safety funding, boosted by border protection and immigration enforcement, along with new product launches and strong performance from its Silvus acquisition, are expected to offset traditional radio equipment growth limitations.
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