Analysts Remain Bullish on Motorola

| About: Alphabet Inc. (GOOG)

So, let’s say you are an analyst. (Maybe you are.) And let’s say you’ve made a great call: recommended a stock, and it climbs right up to your price target. What do you do? Well, you can drop your rating. Or alternatively, you can find a reason to raise your price target, which gives you another reason to whip out a bullish research note.

This morning, two analysts took the second route on Motorola (MOT):

Brian Modoff, an analyst at Deutsche Bank, this morning lifted his price target for Motorola to $30 from $26. “Our channel checks indicate Motorola continues to gain share globally,” he wrote this morning. “WIth multiple products coming to market over the next few months, our contacts indicate that Motorola could see share gains of +1% [more than 1%, I think he means] a quarter for some time….We are currently estimating MOT will ship 54 million units this quarter, but now believe the company is in line to beat this figure.”

Mark Sue, an analyst at RBC Capital
, raised his price target today to $28, from $26, citing “increased demand visibility for the company’s reinvigorated handset portfolio.” Sue writes that his 2007 EPS estimate of $1.43 a share “may prove conservative….Near-term, Motorola may be tracking towards the high-end of the guidance range and may handily beat our mobile devices unit estimate of 53 million…Our rating is Outperform.”

Motorola shares today have gained 57 cents to $25.42.

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