Research analysts at BMO Capital Markets raised their target price on shares of Research In Motion Limited (TSE: RIM)
Shares of Research In Motion Limited traded down 20.57% during mid-day trading on Friday, hitting $11.08. Research In Motion Limited has a 52 week low of $6.10 and a 52 week high of $18.23. The company?s market cap is $5.721 billion.
A number of other firms have also recently commented on RIM. Analysts at CSFB raised their price target on shares of Research In Motion Limited from $7.00 to $11.00 in a research note to investors on Friday. They now have a ?neutral? rating on the stock. Separately, analysts at Canaccord Genuity cut their price target on shares of Research In Motion Limited from $10.00 to $9.00 in a research note to investors on Friday. They now have a ?sell? rating on the stock. Finally, analysts at Sanford C. Bernstein downgraded shares of Research In Motion Limited from an ?outperform? rating to a ?market perform? rating in a research note to investors on Friday. Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.