Research In Motion: BMO Cuts To Underperform; $9 Target

Jan 11, 2013 Full story: Forbes.com

BMO Capital analyst Tim Long late Thursday cut his rating on Research In Motion shares to Underperform from Market Perform, with a new target of $12, down from $9. "We are growing more cautious on RIM as we leave CES and approach the launch of BlackBerry 10 devices later this month," Long writes in a research note.

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Zagi

Canada

#1 Jan 11, 2013
Tim you are wrong and you will see it very soon
Hana

Kitchener, Canada

#2 Jan 11, 2013
In 2002 year I was reading analysts comments about RIM, like "last days for RIM", "target stock $10" etc. I sold stocks for $13 and after couple years stock was $160.
Analysts will not trick me again. No this time. Now I will wait couple years. Why?
You don't have any idea how many millions of people waiting for BB10 to buy. Do math. In 2 years all BB users will buy BB10. This is 79 millions, plus new users with no limit in numbers. I can see stock with 3 digits in 3 years. Thanks for posting,
Sasayugo

Kitchener, Canada

#3 Jan 11, 2013
I Sasayugo do not have a blackbery phone but I agree with you I will get one as soon as they come out because of the secrity, I got hacked in the past and lost all my bussiness contacts and accounts I think lots of people wil start thinking about seurity on their phones in the future just think Mcafee tested Windows 8 phone and got it to loop the reboot so many times that it fried the hardware, and also took all the info including banking information from Samsung Galaxy phone just to prove how valnarable are these phones.
Krm

Guelph, Canada

#4 Jan 11, 2013
I think analysts should have more of a wait and see attitude and be less aggressive in making negative projections about RIMS future with blackberry 10
Zagi

Canada

#5 Jan 11, 2013
Did I tell you that you will see it wery soon (that you are wrong) and today stock is more than $13.50.

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