Citigroup Downgrades RIM (RIMM), Palm (PALM) to Sell, Upgraded Motorola (MOT), Leap (LEAP) to Buy

November 2, 2009 7:13 AM EST

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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Stocks Mentioned

LEAP 14.63

+0.31 +2.16%
Volume: 1,077,358
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MOT 8.27

+0.08 +0.98%
Volume: 12,101,537
Track MOT

PALM 11.21

+0.11 +0.99%
Volume: 3,794,885
Track PALM

RIMM 59.96

+0.43 +0.72%
Volume: 6,656,365
Track RIMM


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