Motorola Upgraded By SocGen

Societe Generale upgraded shares of mobile phone handset maker Motorola (MOT) to "hold" from "sell" and raised the price target to $6.50. SocGen called Motorola's fourth-quarter earnings report and first-quarter guidance, delivered last week, "disappointing", but noted that the Droid smartphone has had an "encouraging" start and could help reshape Motorola's image. Motorola has plans to release 20 smartphones this year, according to SocGen.