Existing users please login

Forgot Password

    Home / Markets / Industries / Technology

    Wednesday, November 18, 2009

    RIM Cut To 'market Perform' By BMO Capital

    | Respond to Editor | Print

     
    By Dan Gallagher
    MarketWatch Pulse
       

      SAN FRANCISCO -- Research In Motion was downgraded to a market perform, or neutral, rating by BMO Capital Markets. In a note to clients before Wednesday's opening bell, analyst Tim Long cited worries about potential market-share loss at Verizon Wireless - the company's largest customer - as well as the shift to lower-priced phones and future cash flow. "While we believe the November quarter is tracking to plan, we have a number of concerns that could impact [fiscal year]2011 earnings and we see a number of other overhangs for the stock," wrote Long, who has a $64 price target on the shares.

      Copyright © 2009 MarketWatch, Inc.

      Fox Business Video


      Last 5 Stocks

      • Ticker
      • Company
      • Price
      • Change
       

      Personal Finance - Investing - Financial News - Business News - Stock Market Quotes & News - Small Business

      Advertise with us | Jobs at FOX Business Network | Internships at FBN

      Terms of use. Privacy Statement. For FOXBusiness.com technical issues write to foxbusinessonline@foxbusiness.com; for all other feedback, write to feedback@foxbusiness.com.

      Quotes delayed at least 15 minutes. Market Data provided by Interactive Data (Terms & Conditions). Powered and implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.

      This material may not be published, broadcast, rewritten, or redistributed. ©2010 FOX News Network, LLC. All rights reserved.