Barclays Maintains an 'Equalweight' on Research In Motion Ltd. (RIMM); Q4 Preview: Things To Continue in Downward Spiral
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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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Barclays maintains an 'Equalweight' on Research In Motion Ltd. (NASDAQ: RIMM) price target of $12.00.
Analyst, Jeff Kvaal, said, "We believe BB7 products are aging rapidly: F4Q results should be soft, with results weakening further at least until 2H12. Our estimates are below consensus and further pressure in the stock is possible."
"We retain our below consensus estimates: We model FY13 and FY14 estimates of $2.02 and $1.93 vs. consensus of $2.80 and $2.61, respectively...We believe the dire outlook could deteriorate well below consensus expectations."
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.
Shares of Research In Motion Ltd. closed at $13.78 yesterday.
Analyst, Jeff Kvaal, said, "We believe BB7 products are aging rapidly: F4Q results should be soft, with results weakening further at least until 2H12. Our estimates are below consensus and further pressure in the stock is possible."
"We retain our below consensus estimates: We model FY13 and FY14 estimates of $2.02 and $1.93 vs. consensus of $2.80 and $2.61, respectively...We believe the dire outlook could deteriorate well below consensus expectations."
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.
Shares of Research In Motion Ltd. closed at $13.78 yesterday.
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