Bright and early Tuesday morning, Credit Suisse issued upgrades to Motorola (NYSE: MOT) and Research in Motion Limited (NASDAQ: RIMM), lifting both of them from Neutral to Outperform. The brokerage cited a recovery at MOT's mobile-phone division along with growing demand for RIMM's BlackBerry as reasons for the upgrades. In addition, Credit Suisse elevated the price targets on both, upping MOT to $9.50 from $7 and RIMM to $95 from $76.
Credit Suisse did not stop there, issuing downgrades to MOT and RIMM competitors QUALCOMM (NASDAQ: QCOM) and Alcatel-Lucent (NYSE: ALU) from Outperform to Neutral.
Credit Suisse did not stop there, issuing downgrades to MOT and RIMM competitors QUALCOMM (NASDAQ: QCOM) and Alcatel-Lucent (NYSE: ALU) from Outperform to Neutral.
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