Motorola (NYSE: MOT) shares jumped 24 cents, or nearly 4 percent today, to close at $6.27 after Bank of America/Merrill Lynch analyst Tai Liani upgraded his rating to ‘Buy’ from ‘Neutral’ and upped his price target from $7 to $9. Barron’s reports that he has four reasons for the upgrade:
1. There are new handsets coming in Q4, including ones based on Google (NSDQ: GOOG) Android.
2. He’s expecting the company to grow its marketshare from 6 percent to 8 percent in 2010.
3. Cost cutting should exceed the company

{"source":"https:\/\/gigaom.com\/2009\/06\/23\/419-motorolas-stock-rises-after-analyst-sees-signs-of-a-turnaround\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_cf3ef1f259288d1a4c7e8dc9627c68e4","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}