UBS Maintains a 'Neutral' on Research In Motion Ltd. (RIMM); The Big Reset Occurs – Outlook Lowered

UBS maintains a 'Neutral' on Research In Motion Ltd. (NASDAQ: RIMM), cuts PT from $45 to $41.

UBS analyst says, "We adjust our FY12/FY13 EPS ests lower to $5.41/$6.12 respectively, vs. $5.59 and $5.84 previously. Our FY13 EPS est goes higher by ~5% as we now model lower share count (given board auth to purchase up to another 5%) and slightly lower opex. We still believe the EPS targets for 2h12 are a stretch, but feel much of the bad news is out for the time being."

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 $35.33 yesterday.

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