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Stifel Nicolaus Downgrades RIM (RIMM) Shares Amid 8% Sell-Off Since Nov. 12

November 18, 2010 7:36 AM EST Send to a Friend
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Price: $14.64 +12.36%

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    0 Buy, 0 Hold, 0 Sell

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    Up: 24 | Down: 13 | New: 52
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Late last night an analyst at Stifel Nicolaus downgraded shares of Research In Motion Ltd. (NASDAQ: RIMM) from Buy to Hold. The firm lowered its price target on RIM from $65 to $45.

Stifel argues that Research In Motion's "window of opportunity to create a competitive ecosystem of smartphone content has closed," citing recent checks which suggest that "developers are devoting a declining share of dollars and creativity into developing apps for BlackBerry OS..."

The downgrade follows news yesterday that talks in India are going smoothly for Research In Motion.

Despite the lowered investment rating, shares of Research In Motion are about 0.8% higher in today's pre-market session. The stock last traded at $56.38.

RIM shares are down more than 8% in just the last four trading sessions.

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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Comments

How would you like to be a poor Stifel Nicolous client?
AbrokeStifelNicolousClint on 2010-11-18 12:10:00
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WOW - Those poor people? Do the poor clients of Stifel have a class action suit against such heinous advice? Although, I guess you would have to be a moron to be a Stifel Nicolous customer in the first place, so perhaps they wouldn't even know how to start one?

RIM is HATED by the Street
Munx401 on 2010-11-18 11:56:45
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Shocking - another downgrade! Let me guess: continued market share erosion as Apple and Anroid eat RIM's lunch. Listen up PILONS, the smart phone market is growing at almost 100%/yr. RIM is a key player in that market, a few point market share reduction means won't matter. RIM is still growing at over 25% year despite every analyst predicting earning plateau and doom for the past 3 quarters. 441 million phones were sold last year and only 80 million were smart phones. What do you think those numbers will be in 5 years? No brainer long. I love that every analyst has a sell/hold on this thing. IDIOTS.

Riiiiim Riim Rim
Hanselsohotrightnow on 2010-11-18 11:47:14
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This stock is $120 in 12 months...QNX is coming and it's going to destroy what's in the market right now.

Stifel once again shows the market thinks they are fools
RIM Long on 2010-11-18 11:34:45
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LOL@ Stifel Nicolaus! hahhahahaha!

I guess the street thinks pretty much the same about your mindless drivel as the rest of the free world does!

Thanks for your downgrade on RIM - Pretty much guaranteed us that the stock would go up!! How about your sap clients? Have they sued you yet? I would if I were dumb enough to be your client!

Try flipping hamburgers at Micky D's - I am sure you would have far more success!


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