UPDATE: Collins Stewart Upgrades Arris Group to Buy

According to Collins Stewart, Arris Group (NASDAQ: ARRS) is upgraded to Buy.

Collins Stewart said that despite inline results/guidance and disappointing results from Moxi (Gateway STBs), it is upgrading the stock to a BUY rating and $15 PT. “We remain convicted that ARRS stands to benefit meaningfully from Gateway STB shipments in 2012.”

Arris Group closed yesterday at $12.33.