Goldman Sachs Upgrades Motorola (MOT), Adds To Conviction Buy List
MOT Hot Sheet
Rating Summary:6 Buy, 4 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Goldman Sachs upgraded Motorola (NYSE: MOT) from Neutral to Buy and added the stock to its Conviction Buy List with a $7 price target, citing valuation.
Goldman said the stock price implies a negative $5 billion value for the handset business which the firm said is overly negative, according to MarketWatch.
The analysts at Goldman said they expect the stock to outperform even if its phone don't.
Goldman said the stock price implies a negative $5 billion value for the handset business which the firm said is overly negative, according to MarketWatch.
The analysts at Goldman said they expect the stock to outperform even if its phone don't.
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