Barclays lowered PT (price target) by $5.00 to $85.00, based on higher competitive market, FY '11 $4.82 from $4.99.
Raymond James lower, $80.00 from $85.00
T. Weisel lower, $85.00 from $95.00
S&P maintains BUY 4 Star rating PT $87.00
Citigroup analyst Jim Suva, issued a BUY on MOT & SELL on RIMM & PALM. today read report.
Back on November 2, 2009 he upgraded MOT shares to Buy from Sell, while also downgrading both Palm (PALM) and Research In Motion (RIMM) to Sell ratings. read report
If you had purchased MOT back in November on his call, it would of cost you $9.03, it currently trades @ $8.41, down 6.87%. Now RIMM was $55.75 on Nov. 2nd, currently @ $63.74 a gain of 14.33%.
Is Mr. Suva's call correct this time around? Maybe...maybe not, but his previous call until today would of lost you money.
To be fair I suggested RIMM on ITZ PIX back on October 9th @ $69.50 link and suggested on Nov. 2nd to hold or accumulate/buy more RIMM and to hedge one's position. read
My original call was early, down 8.2%, however my followup call on Nov 2nd is up 14.33%. I continue to view that RIMM has more upside potential than downside risk.
*click on chart to expand
*disclosure, I am long RIMM
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