Analyst Gloom Hits Shares of Research in Motion and Netflix Today
On Monday, brokerage analysts revealed their latest insights on the following 4 companies:
Research In Motion Limited (NASDAQ:RIMM): Nomura said Research in Motion’s strategy is unchanged as the new CEO remains committed to a vertically integrated business model. The firm sees fair value at $15 per share and sees little likelihood that a strategic buyer would pay more and doubts a financial buyer would pay more than $10 per share. Shares are Neutral rated. Citigroup said the new CEO’s agenda does not appear to be a breakup or sale of the company. Shares remain Sell rated.
Netflix, Inc. (NASDAQ:NFLX): Pacific Crest sees Netflix’s earnings risk due to DVD subscription weakness, international losses, and content costs.
United States Steel Corp. (NYSE:X): US Steel removed from short-term buy list at Deutsche Bank
S&T Bancorp Inc. (NASDAQ:STBA): Boenning & Scattergood raised its target on S&T Bancorp after the company reported higher than expected Q4 operating EPS. The firm maintains an Outperform rating on the stock.
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