UPDATE: Credit Suisse Downgrades Research In Motion to Underperform on Challenging Transition
January 31, 2013 at 08:21 AM EST
Credit Suisse downgraded Research in Motion Limited (NASDAQ: RIMM ) from Neutral to Underperform and lowered the price target from $11.00 to $10.00. Credit Suisse noted, "Despite recent enthusiasm for RIM's new BB10 devices, we see limited scope for traction in the hypercompetitive smartphone market. Furthermore, we believe that RIM's