Baird Cuts RIM (RIMM) to Underperform, Sees Stock Falling Another 17%

March 25, 2011 7:26 AM EDT
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Price: $14.64 +12.36%

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    Up: 35 | Down: 31 | New: 11
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An analyst at Baird downgraded shares of Research In Motion Ltd. (NASDAQ: RIMM) from Neutral to Underperform Friday following Q4 results and the resulting 12 percent slide in the stock.

The firm reduced its price target on RIM shares from $60 to $47, suggesting potential downside of about 17%.

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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