Harris Nesbitt Grades RIMM As Neutral

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Harris Nesbitt initiates RIMM with a Neutral and a $75 price target. The investment firm says they like the company’s track record and culture of innovation, its successful vertically integrated operational model, and its marketing strategy. While they expect the company to remain the leader in the enterprise market, they doubt it can replicate this success in the consumer market and they believe the shares are fully valued at current levels.

Thanks to Brian for the tip …