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Stock Market & Financial Investment News

News Breaks
December 21, 2012
06:26 EDTRIMMResearch in Motion stock drops on conference call comments, says Citigroup
Citigroup notes Research in Motion shares sold off last night after it became clear on the earnings conference call that RIM will receive much lower rates on its highly profitable services. Citi says Research in Motion's services will materially and structurally shift lower with the new BB10 products. The firm recommends not chasing the stock and keeps a Sell rating on the name, despite raising its price target to $6 from $5.
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