GMP Downgraded RIM (RIMM) from Hold to Reduce

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In addition to a downgrade from Morgan Stanley Monday morning, traders in Research In Motion (Nasdaq: RIMM) are also responding to an earlier downgrade from GMP Securities' Michael Urlocker. Shares of RIM have continued lower throughout most of the session, and are trading down 8.3 percent to $9.04 at last check.

Urlocker now rates RIM shares a Reduce, down from Hold previously. The analyst's price target was lowered from $11 to $9.25.

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.

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