Jefferies Upgrades Research In Motion Ltd. (RIMM) to Hold, Stock Finds Floor

Jefferies upgraded Research In Motion Ltd. (NASDAQ: RIMM) from Undeperform to Hold with a price target of $25 (up from $22).

The firm states, "We believe the share price has finally found a floor after months of mis-execution, delayed products, and shrinking market share. Our reasons for the more positive view are: 1) patent values based on recent transactions point to higher sum of the parts; 2) build plans have stabilized; 3) focused on releasing QNX before expectations; 4) removal of WebOS."

For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.

Shares of Research In Motion Ltd. closed at $25.76 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Needham Upgrades Netflix (NFLX) to Buy, 'on Rev Upside from Tech Stack'
• Cleveland Research Upgrades Dynatrace Inc. (DT) to Buy, 'optimism underlying fundamentals are likely to support upside'
• Elevance (ELV) PT Raised to $604 at Jefferies