UBS Maintains a 'Neutral' on Research In Motion Ltd. (RIMM); Still Early in the Transition; Lowering PT
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Price: $14.64 +12.36%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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UBS maintains a 'Neutral' on Research In Motion Ltd. (NASDAQ: RIMM), price target lowered from $41 to $30.
UBS analyst says, "Stock Appears Cheap...but we Foresee Limited Durable Catalysts - Relative to street (and our ests) RIMM stock appears cheap but we continue to lack visibility in to normalized earnings power and continue to foresee challenges for RIMM in the platform wars against Android and iOS (Apple), and conceivably MSFT starting in 2012. While the introduction of new BB7 devices could reverse some of the negative momentum, a more meaningful transition is likely to occur with QNX in 2012 though execution risk is high and success likelihood unclear." (UBS lowers FY12 EPS estimate from $5.41 to $4.82 and FY13 from $6.12 to $5.27)
For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.
Shares of Research In Motion Ltd. closed at $27.39 yesterday.
UBS analyst says, "Stock Appears Cheap...but we Foresee Limited Durable Catalysts - Relative to street (and our ests) RIMM stock appears cheap but we continue to lack visibility in to normalized earnings power and continue to foresee challenges for RIMM in the platform wars against Android and iOS (Apple), and conceivably MSFT starting in 2012. While the introduction of new BB7 devices could reverse some of the negative momentum, a more meaningful transition is likely to occur with QNX in 2012 though execution risk is high and success likelihood unclear." (UBS lowers FY12 EPS estimate from $5.41 to $4.82 and FY13 from $6.12 to $5.27)
For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.
Shares of Research In Motion Ltd. closed at $27.39 yesterday.
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