Analysts Mixed on RIM (RIMM) as Sector Heats Up: SocGen Cuts to Sell, Cormark Upgrades
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Get Alerts RIMM Hot Sheet
Price: $14.64 +12.36%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade RIMM Now!
Shares of Research In Motion Ltd. (NASDAQ: RIMM) are paring gains early Tuesday following Monday's 10-plus percent rally on the heels of Google's (Nasdaq: GOOG) bid $40/share bid for Motorola Mobility (NYSE: MMI).
The stock is down about 1.5 percent with a couple hours left in pre-open trade.
An analyst at Societe Generale downgraded RIM shares from Hold to Sell this morning, also reducing the firm's price target from $50 to $20.
With Research In Motion shares last trading around $26.64, SocGen's new price target implies potential downside of about 25 percent.
Elsewhere on the Street Tuesday, Cormark Securities' Richard Tse upgraded Research In Motion shares from Reduce to Speculative Buy. The analyst sees RIM shares rising to $34 over the next year, up from $30 previously.
For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.
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The stock is down about 1.5 percent with a couple hours left in pre-open trade.
An analyst at Societe Generale downgraded RIM shares from Hold to Sell this morning, also reducing the firm's price target from $50 to $20.
With Research In Motion shares last trading around $26.64, SocGen's new price target implies potential downside of about 25 percent.
Elsewhere on the Street Tuesday, Cormark Securities' Richard Tse upgraded Research In Motion shares from Reduce to Speculative Buy. The analyst sees RIM shares rising to $34 over the next year, up from $30 previously.
For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.
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