Barclays Maintains Overweight on Motorola Solns, Raises Price Target to $352
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tim Long has maintained an Overweight rating on Motorola Solutions (NYSE:MSI) and increased the price target from $333 to $352, indicating a positive outlook on the company's stock.
January 02, 2024 | 12:36 pm
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Barclays has reaffirmed its Overweight rating on Motorola Solutions and raised the price target to $352, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Tim Long from Barclays is a strong positive signal to the market, often leading to increased investor confidence and potential short-term price appreciation. As the rating is maintained at Overweight and the target is raised, it suggests that Barclays believes MSI's stock will perform better than the average stock in the analyst's coverage universe.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100