UPDATE: Citigroup Reiterates Neutral Rating, Raises PT on Arris Group

In a report published Monday, Citigroup reiterated its Neutral rating on Arris Group (NASDAQ: ARRS ), and raised its price target from $15.50 to $17.00. Citigroup noted, “Raise target price to $17.00, but maintain Neutral. While acknowledging the transformational and accretive benefits of Motorola Home acquisition (revenues increase 2.6x, ARRS