According to Morgan Stanley, Motorola can make big profits here. Analyst Erik Lapinski upgraded Motorola stock from the balance sheet, saying in a note Monday that the telecommunications company is attractive in the current market and could hit $300 per share in the near future. two years in the event of an increase in its price. “Our analysis shows that a $300 Bull case valuation on MSI on a 2-year view is achievable (2 years compounded 20%) and offers defensive earnings growth,” Lapinski said. write. “The recent retracement in MSI and the market landscape make a more defensible earnings growth story screen compelling, providing an opportunity to step in with growth potential.” Motorola Solutions shares are up nearly 15% from Friday’s close based on Morgan Stanley’s base case for a $240 price target. They have a nearly 50% gain based on Morgan Stanley’s $300 bull case. Analysts believe the bullish case is supported by a strong cycle for Motorola’s terrestrial mobile radio (LMR) product, its expansion into video surveillance technology and its operational efficiency. the company. “We believed in the Bull case when we started MSI with an EW rating last year, but thought it would take time. Now a year later and enjoy a docile earnings growth story. more protection, we upgrade to OW,” wrote Lapinski. Shares of Motorola Solutions were up 5% in pre-market trading on Monday. — Michael Bloom of CNBC contributed to this report.
Greg Brown, President and CEO of Motorola, speaks at CNBC’s Evolve conference in Chicago on September 24, 2019.
Jeff Schear | CNBC
Motorola According to Morgan Stanley, big profits can be seen from here.
