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

Bloomberg Customers

Markets & Finance

CIBC Upgrades Motorola to Sector Outperform

CIBC World upgraded Motorola (MOT) to sector outperform from sector perform.

Analyst Dale Pfau says he upgraded due to better-than-expected first-quarter results, and the prospects for more rapid margin improvement. Pfau says the cell-phone giant seems to be firing on all cylinders for the first time in recent history. He thinks Motorola is positioned to become the bellwether for a strong wireless industry in 2004.

Pfau cites recent original equipment manufacturer announcements, and says Motorola's 25 cents first-quarter earnings per share beat his 8 cents estimate on outstanding performance in its flagship handset operations. He upped the 42 cents 2004 earnings per share estimate to 90 cents, and raised the 65 cents 2005 estimate to $1.25. Pfau also set a $25 target, and say he would raise his positions in Motorola at the expense of rival Nokia.

blog comments powered by Disqus