BofA/Merrill Lynch Downgrades Research In Motion Ltd. (RIMM) to Underperform

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BofA/Merrill Lynch downgraded Research In Motion Ltd. (NASDAQ: RIMM) from Neutral to Underperform.

The firm said risk of "total value destruction" over the next few years is possible. They see service revenues declining substantially over the coming quarters.

For an analyst ratings summary and ratings history on Research In Motion Ltd. click here. For more ratings news on Research In Motion Ltd. click here.

Shares of Research In Motion Ltd. closed at $9.13 yesterday, with a 52 week range of $8.83-$33.54.

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