Science News Headlines | Latest Science News Articles – Yahoo! India News: Brokerages cut RIM price targets on profit warning

Science News Headlines | Latest Science News Articles – Yahoo! India News Latest Science news headlines from Yahoo! India News. Find science news articles, videos, pictures and in-depth Science coverage from India and around the world.

Brokerages cut RIM price targets on profit warning Dec 5th 2011, 13:13 REUTERS - At least four brokerages slashed their price targets on Research in Motion's U.S.-listed stock after the BlackBerry maker warned of lower profit amid falling sales and an inventory pile up of its PlayBook tablet. CIBC slashed its price target on RIM's stock to $25 from $55 saying "continued negative sentiment will likely keep the share price depressed in the near-term." The brokerage said it sees the possibility of a deal with a company that could find RIM's Blackberry Internet Service and Blackberry Enterprise Service business model attractive. ...

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