Goldman Sachs Cuts Research in Motion (RIMM) Price Target to $45 After IT Survey
RIMM Hot Sheet
Rating Summary:5 Buy, 32 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
Goldman Sachs lowered their price target on Research in Motion (Nasdaq: RIMM) from $50 to $45, while maintaining their Sell rating.
Goldman cited further deterioration in its enterprise trends as evident in the firm's IT survey.
The new price target is based on 9x their 2011 EPS estimates of $5.16, which was unchanged.
Shares of RIMM closed at $44.78 on Friday, suggesting that Goldman now sees the stock fairly valued.
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Goldman cited further deterioration in its enterprise trends as evident in the firm's IT survey.
The new price target is based on 9x their 2011 EPS estimates of $5.16, which was unchanged.
Shares of RIMM closed at $44.78 on Friday, suggesting that Goldman now sees the stock fairly valued.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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