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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