Buy Motorola (NYSE:MOT) Before Split Says Oppenheimer

With Motorola (NYSE:MOT) about to split into two companies in the early part of January, Oppenheimer analyst Ittai Kidron recommends acquiring shares of the stock before the split occurs.

Major reasons given by Kidron were the split will provide “an opportunity to unlock value,” and acquiring shares in the company before the split.

He added, “While iPhone/Verizon is a headwind, we don’t believe MOT’s stock price fully reflects MMI’s initial market cap potential as we calculate it or the potential for future margin improvement.”

MMI is the stock ticker one of the companies named Motorola Mobility will trade under. The other company will be called Motorola Solutions.

Motorola was trading at $8.62, up $0.28, or 3.42 percent, as of 1:21 PM EST.