UBS Maintains a 'Neutral' on RIM (RIMM); Risk/Reward More Compelling at Lower-End

UBS maintains a 'Neutral' on Research In Motion Ltd. (NASDAQ: RIMM) price target of $9.50 (from $10.50).

Analyst, Amitabh Passi, said, "Although RIM shares are still down ~45% YTD, we believe investor sentiment has improved somewhat where shares have risen ~20% from July lows, potentially reflecting increased optimism around M&A, asset sales, cost control, partnership opportunities, and a favorable outcome from the Mformation lawsuit. Nevertheless, we see operating losses and no major catalysts over the next two quarters and remain on the sidelines as we believe the company’s future likely hinges on a favorable BlackBerry 10 (BB10) product launch early next year."

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 $8.07 yesterday.

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