Research In Motion (RIMM) Shares Lower Following Analyst Downgrade

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Shares of Research In Motion (NASDAQ: RIMM) are moving lower in this morning's pre-market trading session as we are hearing that Paris' Exane BNP Paribas has downgraded the stock today. The stock last traded at $61.48, down almost 1.1% from Friday's closing price.

Exane BNP Paribas now rates RIM shares a Neutral, down from Outperform previously. The firm maintained a $60 price target on Research In Motion shares.

With the stock last trading at $61.48, Exane BNP Paribas' price target implies potential downside of about 2.5%.

For more ratings news on Research In Motion click here and for the rating history of Research In Motion click here.

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