NEW YORK (TheStreet) -- Shares of Motorola Solutions (MSI) - Get Motorola Solutions, Inc. (MOS) Report were increasing in mid-morning trading on Wednesday as BMO Capital Markets boosted its rating on the stock to "outperform" from "market perform."
The firm also upped its price target to $84 from $72 on shares of the data communications and telecom equipment provider.
BMO sees three key catalysts on the horizon, which it believes will drive higher estimates and multiple expansion.
"We expect organic revenue growth to return later this year, investment in smart public safety software to help expansion beyond hardware, and growth in public safety LTE after a FirstNet contract announcement," the firm wrote in an analyst note.
After several years of difficult headwinds, organic revenue growth is set to return by the 2016 fourth quarter, according to BMO.
Additionally, the company's management sees an opportunity beyond traditional equipment sales and is investing in "smart" public safety software opportunities, such as computer-aided dispatch and records management, the firm noted.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins.
But the team also finds that net income has been generally deteriorating over time.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: MSI