UPDATE: Societe Generale Downgrades Motorola to Sell

According to Societe Generale, Motorola Mobility

is downgraded to Sell. Societe Generale said that MMI announced its third quarter results last night. “Hence we are downgrading to Sell. The main risk to our thesis is if regulatory approval is soon granted and the shares go to $40.” Motorola Mobility closed on Friday at $20.60.