Motorola's Fallen and It Can't Get Up

For Motorola (MOT), the darkest days may still lie ahead.

Tero Kuittinen, an analyst with Global Crown Capital, this morning repeated his Underweight rating on Motorola, and cut his price target on the shares to $2.50, from $3.50. He thinks the company will miss its Q4 guidance, and fall short of the 2009 consensus “by a wide margin.” In short, Kuittinen contends that “Motorola is now on the verge of losing its status as a global handset brand.”

Kuittinen says that recent discussions with AT&T (T) and Verizon (VZ) “imply a clear slowdown in sales, just as the level of U.S. competition is vaulting to a new level with the launches of LG Incite, Samsung Eternity and other appealing and conspicuously cheap November debuts.”

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