Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Morgan Stanley Upgrades Motorola

Morgan Stanley upgrades Motorola (MOT) to strong buy from outperform.

Analyst Alkesh Shah says the company is clearly committed to improving its cash flow and managing its working capital during the current downturn. While he does not see a near-term catalyst for shares, he believes they are approaching floor value.

Shah says recent layoffs, outsourcing agreements and capital expentidure cuts position Motorola's EPS for rapid acceleration when current conditions start to improve. He says Motorola's discounted cash flow valuation model and the price-earnings to growth ratio model validates fair value in the $20s, and the sum-of-parts puts fair value in $30s. He would be an aggressive buyer at current levels with a $24 target.

blog comments powered by Disqus