RIM: It Can Get Worse, Says Citi, Here's Why

Text size

Citigroup's Jim Suva this morning reiterates a Sell rating on shares of Research in Motion (RIMM) and a $15 price target, offering up a list of 10 things he thinks could make the company's situation worse than it is at present.

Suva's goal is to understand what may happen on December 15th, when the company offers its full fiscal Q3 results, which it warned last Friday would come in below prior expectations. As Suva points out, the company has already said that this current quarter will see a decline in shipments, which he notes is only the second time in ten years that units have declined.