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

April 23, 2012 8:41 AM EDT
Get Alerts RIMM Hot Sheet
Price: $14.64 +12.36%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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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.

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