Caris Cuts RIM (RIMM) to Above Average, Price Lowered to $70

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March 25, 2011 9:22 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: 11 | Down: 18 | New: 20
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An analyst at Caris & Co. downgraded Research In Motion Ltd. (NASDAQ: RIMM) from Buy to Above Average following Q4 results from the BlackBerry maker Thursday night. The firm reduced its price target on RIM shares from $75 to $70.

Research In Motion shares have plunged 11 percent amid the disappointing report; the stock last traded at $57 even.

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 $64.09 yesterday.

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