Motorola Hits Low on Downgrade
Motorola
(MOT)
was down 1.1% in early afternoon after hitting a 52-week low of $15.
U.S. Bancorp Piper Jaffray
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downgraded the mobile phone and semiconductor company to neutral from buy and lowered its estimates in the wake of Motorola's warning last week that its first quarter will be weaker than expected.
