Loading...
Loading...
Sterne Agee has published a research report on Research In Motion
RIMM after the company reported disappointing August quarter results.
In the report, Sterne Agee writes, "There have been concerns that the company is losing customers but its installed base continues to grow (now at 70 million globally). In terms of gross margin, its guidance of 37% may mark an inflection point where it stops declining and then its U.S. business (27% of revenue), which has been a major source of pain, stops declining as a percentage of revenue."
Sterne Agee maintains its Buy rating and $35 price target on Research In Motion, which closed yesterday at $29.54.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in