First Global Downgrades Research In Motion Ltd. (RIMM) to Moderate Underperform; Management has Lowered its EPS Guidance

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First Global downgraded Research In Motion Ltd. (NASDAQ: RIMM) from Marketperform (with Underperform Bias) to Moderate Underperform.

First Global analyst said, "Management lowers Q1 FY12 guidance, as stiff competition & shift in product mix expected to impact performance...Pressure on margins, intense competition, uncertainty over component supplies & weak response to newly launched tablet paint uninspiring outlook."

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 $48.10 yesterday, with a 52 week range of $42.53-$72.19.

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