Motorola price target raised 20 percent at Deutsche Bank
Motorola Inc., the largest mobile- phone maker in the U.S., had its price target raised 20 percent to $12 at Deutsche Bank AG, which said the introduction of its first device based on Google Inc.'s Android software is a "milestone."
Motorola said yesterday that a phone called the Cliq will go on sale in the fourth quarter, offered by T-Mobile USA Inc. in the U.S.
"Moving into 2010, we think the company has phones in the works that will stand out even further from the market," Deutsche Bank analyst Brian Modoff wrote in a research report dated yesterday. He rates the shares "buy."
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