Bernstein Cuts RIM (RIMM) to Underperform; Lowers Target to $20
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Price: $14.64 +12.36%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Bernstein's Pierre Ferragu downgraded shares of Research In Motion (NASDAQ: RIMM) from Market Perform to Underperform Monday morning. The analyst reduced his price target on the stock from $40 to $20, matching the Street-low price target set by Deutsche Bank last week.
The downgrade follows a more than 21 percent decline in shares of RIM on Friday following blow-up Q1 results and guidance on Thursday.
On the quarterly figures, at least six research firms downgraded the stock.
For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.
The downgrade follows a more than 21 percent decline in shares of RIM on Friday following blow-up Q1 results and guidance on Thursday.
On the quarterly figures, at least six research firms downgraded the stock.
For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.
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