RIM (RIMM) Shares Lower as Barclays Cuts to Equalweight
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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: 12 | Down: 23 | New: 22
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Barclays' Jeff Kvaal downgraded shares of Research In Motion Ltd. (NASDAQ: RIMM) from Overweight to Equalweight Tuesday morning. The analyst reduced his price target from $40 to $23.
RIM shares are down about 1.3 percent in pre-market action. With the stock last trading around $18.73, Barclays' new price target still represents potential upside of about 23 percent.
Shares of RIM have tumbled nearly 37 percent since mid-September.
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.
RIM shares are down about 1.3 percent in pre-market action. With the stock last trading around $18.73, Barclays' new price target still represents potential upside of about 23 percent.
Shares of RIM have tumbled nearly 37 percent since mid-September.
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.
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