Nov 02, 2009 (MarketNewsVideo.com via COMTEX News Network) -- This morning, Citigroup downgraded shares of Research In Motion (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 (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.
The preceeding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=200911Downgrades110209&mv=1.
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