RIM price target cut to US$145

Research In Motion Logo

A recent survey by Canaccord Adams of more than 41 telecom carrier, retailers and partners has lowered its forecasts for revenue, earnings and share price for Research In Motion Ltd (RIM). Analyst Peter Misek removed the stock from Canaccord’s Best Ideas list, cut his price target from US$160 to US$145, but maintained a “buy” recommendation.

Research in Motion Last 30 Day stock price (Dated 12/05/07)