Citigroup Downgrades RIM (RIMM), Palm (PALM) to Sell, Upgraded Motorola (MOT), Leap (LEAP) to Buy
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Citigroup downgrades RIM (Nasdaq: RIMM) from Buy to Sell, and lowers their price target to $54. The firm also downgraded Palm (Nasdaq: PALM) from Hold to Sell and lowered their price target from $19.50 to $10.
The firm upgraded Motorola (NYSE: MOT) from Hold to Buy and lifted their price target from $9 to $10.50. Citi also upgraded shares of Leap Wireless (Nasdaq: LEAP) from Hold to Buy, but lowered its price target from $26 to $20.
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