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Financial News Network
June 01, 2011 AT 8:00 PM
Jefferies believes Research in Motion's (NASDAQ:RIMM) handset business margin could be much lower this quarter due to falling selling prices and views Nokia's (NYSE:NOK) profit warning as a possible preview of what awaits RIM. The firm reiterates an Underperform rating on Research in Motion shares with a $35 price target. Separately, UBS believes Research in Motion continues to face significant headwinds from increasing smartphone competition and new product success is uncertain. Shares are Neutral rated at the firm.