In an note to investors Fri morning, red blood cell Capital Markets Managing Director microphone Abramsky lowered his target on shares of RIM stock from $45 to $35 on an Sector execute rating. Following yesterday’s bloodbath, shares of RIM stock plummeted by for much as nineteen% after-hours on concerns surrounding RIM’s second-quarter and full-year outlook. The Waterloo, Ontario-based company slashed its full-year EPS outlook from $7.50 to between $5 and $6.50, and it said second-quarter pay forced out be for crushed as $involute.75 per part. Abramsky rests cautiously hopeful, notwithstanding.
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