Research In Motion (RIMM) Shares Under Pressure Following SocGen Downgrade
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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: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Shares of Research In Motion Ltd. (NASDAQ: RIMM) are lower in pre-market action following an earlier downgrade from France's Societe Generale. The stock last traded at $45.10, down about 0.4 percent from Tuesday's closing price.
SocGen now rates RIM shares a Hold, down from Buy previously. The firm reduced its price target on the stock by nearly 30 percent from $70 to $50.
Despite the Hold rating, SocGen's new price target implies potential upside of about 11 percent from where the stock is trading this morning.
For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.
SocGen now rates RIM shares a Hold, down from Buy previously. The firm reduced its price target on the stock by nearly 30 percent from $70 to $50.
Despite the Hold rating, SocGen's new price target implies potential upside of about 11 percent from where the stock is trading this morning.
For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.
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