TD Securities Starts Research In Motion Ltd. (RIMM) at Hold; Questions Remain Unanswered

Article Stock Quotes (3) Comments (0)

TD Securities initiates coverage on Research In Motion Ltd. (NASDAQ: RIMM) with a Hold. PT $16.00.

Analyst, Scott Penner, said, "We see the mobile devices business as challenging, with category growth offset by brutal competition, short product cycles and fleeting consumer tastes. Although guarded expectations for BlackBerry 10 leave room for upside, the potential Q3 launch could coincide with a new iPhone (Nasdaq: AAPL) and initial Windows Phone 8 (Nasdaq: MSFT) devices – in short, it will be tough to find elbow room."

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.

Shares of Research In Motion Ltd. closed at $13.34 yesterday, with a 52 week range of $12.45-$57.32.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• BTIG Starts Ambac Financial (AMBC) at Buy, Interesting Play with 'Optionality'
• Two Key Things are Going Against Apple (AAPL) in This Potential $10B Market
• Susquehanna Starts Apple (AAPL) at Neutral

Create E-mail Alert Related Categories

Hot New Coverage, New Coverage

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?