Goldman Pukes RIMM, Downgrades From Conviction Buy To Neutral, Slashes PT From $96 to $73

Tyler Durden's picture

Also, more "investment banking" services to be offered to RIMM in the next 3 months. Expect a reupgrade to a Conviction Buy about 5 minutes after the next follow-on offering. Worked miracles for Palm.

From disclosures:

  • Goldman Sachs expects to receive or intends to seek compensation for investment banking services in the next 3 months: Research In Motion Ltd. (C$90.16)
  • Goldman Sachs has received compensation for non-investment banking services during the past 12 months: Research In Motion Ltd. (C$90.16)
  • Goldman Sachs had a non-investment banking securities-related services client relationship during the past 12 months with: Research In Motion Ltd. (C$90.16)
  • Goldman Sachs had a non-securities services client relationship during the past 12 months with: Research In Motion Ltd. (C$90.16)
  • Goldman Sachs makes a market in the securities or derivatives thereof: Research In Motion Ltd. (C$90.16)