After 2 upgrades this week, Research In Motion Ltd. (RIMM : NASDAQ) is getting a cautious call to bring things back to reality. Canaccord Genuity lowered estimates and its lowered its price target to $21.00 but maintained its “Hold” rating. Channel checks indicated that RIM was seeing slowing sales trends continuing.
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
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