Downgrades: Research In Motion, SL Green Realty Monday, November 2, 1:10 PM ET
This morning, Citigroup downgraded shares of Research In Motion (NASDAQ:RIMM), maker of the Blackberry, to Sell from Buy. The firm set a price target of $50 per share for RIMM.
In midday trading shares of RIMM were down over four and a half percent.
There were conflicting views on SL Green Realty (NYSE:SLG) this morning. RBC Capital Markets downgraded shares of the self-administered and self-managed real estate investment trust this morning from Outperform to Sector Perform. Meanwhile, UBS came out and Upgraded shares of SL Green from Sell to Neutral.
SL Green shares are trading lower today, down about eight tenths of one percent.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.
