Bernstein Upgrades Research In Motion (RIMM) to Market Perform; Possible Takeover

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Bernstein upgraded Research In Motion Ltd. (NASDAQ: RIMM) from Underperform to Market Perform with a price target of $16 (down form $20).

The firm said the current challenges are well understood and shareholder activism may lead to management change or a takeover.

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 $16.48 yesterday, with a 52 week range of $15.98-$70.54.

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