Research In Motion Limited (NASDAQ: RIMM) was a part of daily analyst upgrades and downgrades this morning and it is rather amazing. Goldman Sachs raised the rating on R-I-M from “Sell” to “Neutral” this morning. What is ironic is that “Neutral” is usually deemed “Sell” when analysts downgrade a stock from Buy or Overweight. This call could have been called “From Really Bad to Mildly Bad.”
Still, RIM is up almost 3% at $19.67 on more than 3 million shares in the first 10 minutes of trading, and this is on a morning where stocks are broadly lower.
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