Sterne Agee Reiterates Neutral Rating on Research In Motion Ltd. Ahead of February Quarter Report

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In a report published Monday, Sterne Agee analyst Shaw Wu reiterated a Neutral rating on Research In Motion Ltd. (NASDAQ: BBRY).In the report, Wu noted, “BBRY will report its February quarter this Thursday, March 28, before the open. We anticipate the company to meet or beat consensus given BB10 momentum and a low bar where expectations are for sizable Y/Y declines in both revenue and EPS. However, we remain on the sidelines as we are concerned with lack of profitability and cash usage given higher spending, lower service fees, and rising BOM costs. Moreover, it remains to be seen if BB10 can regain broader acceptance against iOS and Android.”Research In Motion Ltd. closed on Friday at $14.91.

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