UPDATE: Hudson Square Research Downgrades Research In Motion to Hold on Risk?Reward
Hudson Square Research reduced its rating on Research In Motion (NASDAQ: RIMM) from Buy to Hold.
Hudson Square Research said, "We downgrade RIM from Buy to Hold as we believe the risk / reward of owning the shares into the expected launch of BB10 next month has become less compelling and as the pressure to explore strategic options has diminished significantly."
Research In Motion closed at $13.63 on Wednesday.
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