Canaccord Genuity Maintains a 'Hold' on Research In Motion (RIMM); Expect Eventual Sale of Company
Tweet
Share
E-mailGet Alerts RIMM Hot Sheet
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: 6
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
Join SI Premium – FREE
Canaccord Genuity maintains a 'Hold' on Research In Motion Ltd. (NASDAQ: RIMM) price target of $8.00 (from $10.00).
Analyst, T. Michael Walkley, said, "Consistent with our checks indicating weak BB 7 sales, we calculate RIM’s hardware business is now generating negative gross margin. With strong share gains for the iPhone 4S (Nasdaq: AAPL), increasingly price-competitive Android (Nasdaq: GOOG) smartphones, improving Windows smartphones, and strong initial sales trends for the new iPad, we anticipate increasing competition across all of RIM’s products...very low probability the market will support RIM’s new mobile computing ecosystem, we believe RIM will need to sell the company."
FY13 lowered from (0.01) to (2.04), FY14 from (0.21) to (1.20)
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 $9.13 yesterday.
Analyst, T. Michael Walkley, said, "Consistent with our checks indicating weak BB 7 sales, we calculate RIM’s hardware business is now generating negative gross margin. With strong share gains for the iPhone 4S (Nasdaq: AAPL), increasingly price-competitive Android (Nasdaq: GOOG) smartphones, improving Windows smartphones, and strong initial sales trends for the new iPad, we anticipate increasing competition across all of RIM’s products...very low probability the market will support RIM’s new mobile computing ecosystem, we believe RIM will need to sell the company."
FY13 lowered from (0.01) to (2.04), FY14 from (0.21) to (1.20)
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 $9.13 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley Double Downgrades AU Optronics (2409:TT) (AUO) to Underweight
- Intra-Cellular Therapies (ITCI) PT Raised to $107 at Canaccord Genuity
- Jefferies Upgrades Medpace (MEDP) to Buy, 'Big Margin Improvements'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Canaccord GenuitySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
