ThinkEquity Cuts Price Target on RIM (RIMM), Sees Another 8% Downside

ThinkEquity slashed its price target on Research In Motion Ltd. (NASDAQ: RIMM) from $18 to $12 and maintained its Hold rating. The new price target represents 8% downside to Monday's close and would also represent a new 52-week low (currently $12.45).

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 $13.11 yesterday.

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