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Sterne Agee Reiterates Neutral Rating on Research In Motion Limited

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In a report published Friday, Sterne Agee Group reiterated its Neutral rating on Research In Motion Limited (NASDAQ: RIMM).

Sterne Agee noted, “RIMM reported better revenue and a smaller than expected operating loss amid low expectations. Its cash balance again grew through smart working capital management. However, there were two negative surprises related to the pending launch of BB10 in late-January: (1) its favorable working capital trends will likely reverse due to higher expenses meaning cash usage and (2) its high-margin services business will likely see pressure as it transitions to new terms and pricing.”

Research In Motion Limited closed on Thursday at $14.12.

Latest Ratings for RIMM

DateFirmActionFromTo
Jan 2013Credit SuisseDowngradesNeutralUnderperform
Jan 2013Evercore PartnersDowngradesEqual-weightUnderweight
Jan 2013Standpoint ResearchDowngradesBuyHold

View More Analyst Ratings for RIMM
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Reiteration Analyst Ratings

 

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