Canaccord Genuity Reiterates a 'Hold' on Motorola (MOT); Introducing MMI Model
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Price: $9.11 --0%
Rating Summary:
5 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Rating Summary:
5 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Trade MOT Now!
Canaccord Genuity reiterates a 'Hold' on Motorola (NYSE: MOT), PT increased to $9.
Canaccord analyst says, "Motorola announced it will separate into two publicly traded entities on January 4, 2011, and we are encouraged this separation remains on track. We are introducing our standalone MMI model and also introducing our overall MOT 2012 estimates...As such, we are introducing our stand-alone MMI model with estimates through 2012. Based on the 8-for-1 stock split for MMI resulting in roughly 294M shares, we are introducing our 2011 pro forma EPS estimate of $1.24 and our 2012 estimate of $1.78...We have also updated our combined MOT model and are introducing our 2012 pro-forma EPS estimate of $0.63."
For more ratings news on Motorola click here and for the rating history of Motorola click here.
Shares of Motorola closed at $8.88 yesterday, with a 52 week range of $6.04-$9.36.
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Canaccord analyst says, "Motorola announced it will separate into two publicly traded entities on January 4, 2011, and we are encouraged this separation remains on track. We are introducing our standalone MMI model and also introducing our overall MOT 2012 estimates...As such, we are introducing our stand-alone MMI model with estimates through 2012. Based on the 8-for-1 stock split for MMI resulting in roughly 294M shares, we are introducing our 2011 pro forma EPS estimate of $1.24 and our 2012 estimate of $1.78...We have also updated our combined MOT model and are introducing our 2012 pro-forma EPS estimate of $0.63."
For more ratings news on Motorola click here and for the rating history of Motorola click here.
Shares of Motorola closed at $8.88 yesterday, with a 52 week range of $6.04-$9.36.
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