- Motorola Solutions ( NYSE: MSI ) shares edged into negative territory in pre-market trading Wednesday as Credit Suisse analyst Sami Badri cut his rating on the communications infrastructure company to neutral.
- Badri said he took his rating down from outperform following factors such as talks with investors, a review of state budget plans that have caused him to "not have a clear visibility of meaningful earnings" gains with MSI's ( MSI ) next quarterly results.
- Badri also cut his price target on MSI ( MSI ) to $270 a share from $300. Still, Badri said investor interest in MSI ( MSI ) remains high, and "investor sentiment [is] very positive" toward to company.
- Wall Street analysts and Seeking Alpha authors both have consensus buy ratings on Motorola Solutions' ( MSI ) stock. Seeking Alpha's Quant System, which historically outperforms the stock market, gives MSI ( MSI ) shares a more-modest rating of hold .
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Motorola Solutions slips as Credit Suisse cuts rating to neutral