Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Scotia Cuts Research In Motion Rating

Scotia Capital downgraded Research In Motion (RIMM) to sector perform from sector outperform.

Analyst Gus Papageorgiou says the stock is far more expensive than any of its peers, and notes shares of the maker of Blackberry handheld devices have appreciated 26% in the past two trading sessions. At the current price, he sees more near-term downside risk than upside. He believes now is a good time for trading-oriented accounts to take profits.

Papageorgiou thinks longer-term fundamental accounts should maintain their strong core holding in RIMM. He says he's confident RIMM's prospects are very strong over the next two years, however, some near-term uncertainties remain.

He sees 13 cents fiscal 2004 (Feb.) earnings per share, and $1.00 in fiscal 2005. He has a $27.00 12-month target.

blog comments powered by Disqus