Last Chance Likely Too Late For RIM (RIMM)

Jefferies reiterated its conviction UNDERPERFORM rating on NASDAQ dog, Research in Motion (NASDAQ: RIMM).

Attendance at RIM’s Blackberry World Conference was surprising high, considering how beaten up the company is. But the Blackberry 10 alpha handsets looked rough, according to Jefferies analysts.

A Jefferies analyst wrote, “We spoke to carriers and think it is quite remarkable that they are giving RIM another chance this fall. The battle for the third ecosystem is between Microsoft and RIM. Surprisingly the decision is not final and could be dependent on execution.”

Jefferies has a price target of $12.00 on RIMM.

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 $13.48 yesterday.

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