Analysts keep running away from Research In Motion.
This morning Susquehanna slashed its price target to $31 from $46. The stock is trading at ~$38 right now. Citi analysts also downgraded the stock from “buy” to “hold” and gave it a $45 price target.
As for these analyst downgrades, it might have been more useful to hear this earlier. RIM’s stock has been in a nosedive since February. It’s nearing the lows it saw during the fallout from the financial crisis:
Photo: Yahoo Finance
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