Goldman Sachs Starts ARRIS Group (ARRS) at Neutral

Goldman Sachs initiates coverage on ARRIS Group (NASDAQ: ARRS) with a Neutral rating and a price target of $30.00.

Analyst Doug Clark said notes the company has benefited from significant exposure to rising North American cable capex and strong execution following the 2013 acquisition of Motorola Home. However, the firm forecasts a deceleration of earnings growth from over 50% in 2014 to 11% in CY14-16E as the company laps significant deployments from key customers, including Comcast.

For an analyst ratings summary and ratings history on ARRIS Group click here. For more ratings news on ARRIS Group click here.

Shares of ARRIS Group closed at $26.64 yesterday.

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