Uploaded by FinancialNewsOnline on Jan 4, 2012
Jefferies (NYSE:JEF) says its channel checks indicate Research in Motion (NASDAQ:RIMM) is likely to name RBC's Barbara Stymiest as Chairman.
The firm would view such an announcement positively and believes Stymiest will initiate a formal strategic review of the company. However, Jefferies continues to believe an outright sale of Research in Motion in the near-term is unlikely and keeps a Hold rating on the stock.
Research In Motion (NASDAQ:RIMM) has potential upside of 34.8% based on a current price of $15.04 and an average consensus analyst price target of $20.27.
The firm would view such an announcement positively and believes Stymiest will initiate a formal strategic review of the company. However, Jefferies continues to believe an outright sale of Research in Motion in the near-term is unlikely and keeps a Hold rating on the stock.
Research In Motion (NASDAQ:RIMM) has potential upside of 34.8% based on a current price of $15.04 and an average consensus analyst price target of $20.27.
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