Piper Jaffray Maintains a 'Neutral' on Research In Motion (RIMM); Lowers Price Target on Mixed Sales Data

November 4, 2009 7:19 AM EST

Piper Jaffray & Co. maintains a 'Neutral' rating on Research In Motion (Nasdaq: RIMM), lowers price target from $67 to $63.

Piper analyst says, "Our October channel checks indicated mixed BlackBerry sales as solid sales of the Tour at Sprint (NYSE: S) and Verizon (NYSE: VZ), solid initial sales of the Storm2, and continued carrier promotions were offset in part due to weak sales at AT&T (NYSE: T) and T-Mobile...We maintain our Neutral rating as our longer-term concerns remain increasing smartphone competition and the potential for longer-term declining ASPs and margins."

To see more analyst ratings on RIMM Click Here.


Related Categories

Analyst Comments

Stocks Mentioned

RIMM 74.49

+0.00 +0.00%
Volume: 8,788,067
Track RIMM

S 3.61

+0.00 +0.00%
Volume: 58,314,956
Track S

T 25.90

+0.00 +0.00%
Volume: 18,109,632
Track T

VZ 30.15

+0.00 +0.00%
Volume: 24,434,332
Track VZ


Related Entities


Add Your Comment





Follow StreetInsider.com On Twitter