Research In Motion Limited (NASDAQ:RIMM) price target was lowered to $8 and given a Hold rating by Deutsche Bank due to RIM’s Q1 results. The firm believes RIM has several problems and that it is not likely that the company will be perceived as a buying candidate. Following RIM’s low quarter results for March, Citigroup sees the company’s fundamentals keep worsening and it could increase capital within the following two years. According to Citi the company’s BB10 delay to 2013’s Q1 from the second half of 2012 meaning the Christmas season will be missed and competitors will be given more time to innovate. The firm maintains a Sell rating and a $5 price target on shares.
Don’t Miss: Is RIM Poised for a Comeback or a Nosedive?
Nike Inc. (NYSE:NKE) price target was reduced from $123 to $98 due to disappointing Q4 results and FY13 guidance, but the firm views Nike as a high quality growth story to own. Citi notes that Nike has reiterated a $28B-$30B five year revenue target by 2015. Because the firm sees the stock as attractive at current levels, it maintains a Buy rating.
Proto Labs Inc (NYSE:PRLB) was given a Hold rating at Jefferies.
Conceptus, Inc.’s (NASDAQ:CPTS) announced a reorganization last night which will add near-term execution risk, but its long-term fundamentals are sill in tact, according to Piper Jaffray. The firm claims that it would be a buyer of the stock if there is a pullback, and it keeps its Overweight rating on the stock.
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