Macquarie Cuts RIM (RIMM) to Neutral, Target Lowered to $22
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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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Macquarie's Kevin Smithen downgraded shares of Research In Motion Ltd. (NASDAQ: RIMM) from Outperform to Neutral over the weekend. The analyst's price target was lowered from $31 to $22.
The downgrade follows last week's nearly 20 percent slide on the heels of Q3 results and Q4 guidance.
With RIM shares down 0.6 percent to $13.36 in pre-open action Monday, Smithen's new price target implies potential upside of about 65 percent.
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.
The downgrade follows last week's nearly 20 percent slide on the heels of Q3 results and Q4 guidance.
With RIM shares down 0.6 percent to $13.36 in pre-open action Monday, Smithen's new price target implies potential upside of about 65 percent.
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.
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