MOT is up 34 cents, or 4%, to $8.91. RIMM is down $4.22, or -7.19%, ... Smartphone News forum
SmartPhones: Citi Downgrades RIMM, PALM To Sell; Upgrades MOT To Buy
- MOT is up 34 cents, or 4%, to $8.91.
- RIMM is down $4.22, or -7.19%, to $54.51.
- PALM is down 40 cents, or 3.44%, to $11.24.
Citigroup analyst Jim Suva this morning upgrade MOT shares to Buy from Sell, while also downgrading both Palm (PALM) and Research In Motion (RIMM) to Sell ratings. (He previously had a Buy on RIMM and a Hold on Palm). In short, he is highly impressed with the new Android phones from Motorola, and he thinks they are going to take a significant toll on the competition.
Also note a recent changewave satisfaction rating survey.
Guess we should be buying up MOP.... wish I had some $$$$