CIBC Upgrades RIM (RIMM) Two Notches to Sector Outperform; Cites BB10, Devices on Move
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
'Controlled Launch' May Limit Initial BB10 Sales (RIMM)
December 4, 2012 10:59 AM ESTResearch In Motion Ltd. (NASDAQ: RIMM) has seen a flurry of upgrades ahead of its critical BB10 launch next year, but some on Wall Street think analysts are getting ahead of themselves. MKM's Communications Equipment analyst Michael Genovese is among those with a more cautious view.
"The basis of these... More
Morgan Stanley Warns on RIM (RIMM); Overhype on BB10 Makes Shares 'Un-Investable'
November 26, 2012 8:48 AM ESTResearch In Motion (Nasdaq: RIMM) is active in pre-market action Monday following a two-notch upgrade at CIBC to Market Outperform earlier.
However, Morgan Stanley is offering more advice on the stock today: stay away, stay far away.
Morgan Stanley analyst Ehud... More