UBS Maintains a 'Neutral' on Research In Motion Ltd. (RIMM); Expecting Rough Q4
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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: 10 | Down: 7 | New: 7
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 7
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UBS maintains a 'Neutral' on Research In Motion Ltd. (NASDAQ: RIMM) price target lowered from $15.50 to $15.
UBS analyst says, "We foresee another tough Qtr for RIM when it reports F4Q results (est. March 29), and trim estimates ahead of the qtr. We foresee Rev/EPS of $4.4b/$0.81 vs. $4.7b/$0.87 prev. (consensus $4.6b/$0.82). We believe RIM’s BB7 devices continue to struggle, Playbook sales have seen some traction on discounted pricing, with the low-end doing relatively better. We estimate 11.5m phones/375k tablet units in 4Q, with ASPs of $280/$275, respectively and GM/OM of 37.9%/11.8% vs. 3.8.1%/12.1% previously."
UBS cuts FY12 EPS estimate from $4.27 to $4.20 and FY13 from $3.05 to $3.00.
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 $13.20 yesterday.
UBS analyst says, "We foresee another tough Qtr for RIM when it reports F4Q results (est. March 29), and trim estimates ahead of the qtr. We foresee Rev/EPS of $4.4b/$0.81 vs. $4.7b/$0.87 prev. (consensus $4.6b/$0.82). We believe RIM’s BB7 devices continue to struggle, Playbook sales have seen some traction on discounted pricing, with the low-end doing relatively better. We estimate 11.5m phones/375k tablet units in 4Q, with ASPs of $280/$275, respectively and GM/OM of 37.9%/11.8% vs. 3.8.1%/12.1% previously."
UBS cuts FY12 EPS estimate from $4.27 to $4.20 and FY13 from $3.05 to $3.00.
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 $13.20 yesterday.
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