Motorola (NYSE: MOT) shares jumped 24 cents, or nearly 4 percent today, to close at $6.27 after Bank of America/Merrill Lynch analyst Tai Liani upgraded his rating to ‘Buy’ from ‘Neutral’ and upped his price target from $7 to $9. Barron’s reports that he has four reasons for the upgrade:

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1. There are new handsets coming in Q4, including ones based on Google (NSDQ: GOOG) Android.
2. He’s expecting the company to grow its marketshare from 6 percent to 8 percent in 2010.
3. Cost cutting should exceed the company’s goal of saving $1.7 billion this year.
4. The company’s non-handset business ais very profitable, and accounts for 60 percent of total sales.