Canaccord Genuity Maintains a 'Hold' on Motorola Mobility Holdings (MMI); Reports Preliminary Q4/11; Google (GOOG) Acquisition on Track

Canaccord Genuity maintains a 'Hold' on Motorola Mobility Holdings (NYSE: MMI) price target of $40.00.

Canaccord analyst says, "Motorola Mobility reported preliminary Q4/11 results with sales of $3.46B and modestly profitable pro forma EPS versus our $3.9B and $0.44 estimates. We believe lower feature phone sales combined with smartphone share losses in the US market to Apple and Samsung contributed to the weaker results. We believe the acquisition by Google (Nasdaq: GOOG) should close during Q1/12."

For an analyst ratings summary and ratings history on Motorola Mobility Holdings click here. For more ratings news on Motorola Mobility Holdings click here.

Shares of Motorola Mobility Holdings closed at $38.46 yesterday.

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