Standard & Poor’s Equity Research said a buyout of Research In Motionis “unlikely,” citing the company’s $14 billion market capitalization and “a rich valuation relative to peers.” A recent report had suggested the maker of the handheld BlackBerry device would be acquired. S&P Equity Research lowered the 12-month target price to $78 from $85, “to reflect our more cautious view,” although the research firm acknowledged Research In Motion “is growing faster than its peers.” The firm said, “Potential legal settlements may impair future cash flow and earnings per share, but given that Research In Motion is growing faster than peers, we would hold the shares.
Quick Links
Subscribe
Browse by Month
- February 2012 (21)
- January 2012 (52)
- December 2011 (29)
- November 2011 (61)
- October 2011 (50)
- September 2011 (59)
- August 2011 (81)
- July 2011 (76)
- June 2011 (76)
- May 2011 (80)
- April 2011 (83)
- March 2011 (74)
- February 2011 (94)
- January 2011 (105)
- December 2010 (97)
- November 2010 (107)
- October 2010 (96)
- September 2010 (124)
- August 2010 (145)
- July 2010 (127)
- June 2010 (122)
- May 2010 (121)
- April 2010 (152)
- March 2010 (176)



