Research In Motion shares are getting a lift today from RBC Capital analyst Mike Abramsky, who raised his rating on the stock to Outperform from Sector Perform. He upped his price target on the stock to $75, from $45.
Apple (AAPL) shares are down sharply Monday morning after analysts at RBC Capital and Morgan Stanley cut their ratings on the stock.
RBC Capital’s Mike Abramsky cut his rating on the stock to Sector Perform from Outperform; his price target on the shares is now $140, down from $200.
Could Palm (PALM) post an upside surprise in its fiscal first quarter ended August?
RBC Capital’s Mike Abramsky raises that possibility in a research note this morning. Abramsky notes that in the company’s 10-K filed on Friday, Palm disclosed a Q4 backlog of $238 million, up from $185 million one year earlier, and $121 million two years earlier.
Research In Motion (RIMM) shares are lower this morning heading into the company’s announcement after the close of results for its fiscal first quarter ended May. The Street consensus is for revenue of $2.27 billion and profits of 85 cents a share.
Apple (AAPL) shares are getting a boost this morning from a flurry of bullish analyst commentary.
Last week, of course, the stock was under pressure from speculation about the health of CEO Steve Jobs. Today, the focus is back on the iPhone 3G, which was introduced a week ago at the company’s Worldwide Developers Conference.
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