News Breaks |
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| January 22, 2013 |
| 07:26 EDT |  | RIMM | Research in Motion buyout at $20+ unlikely, says Macquarie
Macquarie said the BB10 launch and upwards earnings revisions are fully reflected in Research in Motions' valuation and its bias has shifted to negative from positive. The firm believes uncertain services revenues makes it nearly impossible for a strategic or financial buyer to value RIM's services annually and that a buyout at $20+ is unlikely. The firm rates shares a Neutral with a $12 price target. |
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