Research In Motion will perhaps need to present its BlackPad faster than anticipated because another American analyst has dealt a blow to RIM shareholders .
After Scott Sutherland of Wedbush Securities , Tuesday, it was the turn of Ehud Gelblum , Morgan Stanley , today, to delist the title.
Research in Motion again through a challenging market session . At mid-session on Friday, the action (RIM) yielded 3% in Toronto and was approaching its low of the last 52 weeks of $ 50.
Nasdaq is already the title fell below $ 50 in the morning .
The report Ehud Gelblum available here. The Scott Sutherland here.
If it ‘s up to Ehud Gelblum , the title will continue to descend . This analyst is now recommending a ” sell “the title ( underweight ) and its new target for the share is $ 47 U.S. .
The negative review of the Morgan Stanley analyst reflects the fact that Research In Motion could lose market share faster than expected.
Ehud Gelblum do not like the fact that several countries are threatening to prohibit the use of BlackBerry . It also highlights the recent success of Android and was disappointed by the early sales figures BlackBerry Torch .
Goldman Sachs also recommends a few weeks since the sale of shares of RIM . The report by Goldman Sachs here.
Luckily, Canadian analysts are not so pessimistic towards the Ontario company . Gus Papageorgiou of Scotia Capital , has nothing but praise for the BlackBerry Torch and suggests anyone who will listen to buy the RIM . His target is $ 117 within 12 months and $ 130 within two years . His report can be found here.
-Richard Dufour [source]
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