Tuesday, June 03, 2008

Research In Motion (NASDAQ:RIMM): Goldman Sachs incrementally more cautious

Goldman Sachs is raising their tgt on Research in Motion (NASDAQ:RIMM) to $163 from $148 but there are actually some cautious tones in the note.

They are incrementally more cautious into the FY1Q earnings rpt, expect august qtr guidance to be slightly below consensus expectations.

Notablecalls: While RIMM is trading up in the pre mkt in reaction to Briefing.com reporting the call as positive, it's actually a short here.

1 comment:

Matt said...

Don't you think the coverage change should play into the slightly more cautious language? It strikes me as very different than an change of opinion by the same analyst. Just my two cents...