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Citigroup cuts its rating on Research In Motion ([[RIMM]] -0.2%) and lowers its price target to $45 from $80 ahead of today’s earnings report. Supply chain checks find that recent BlackBerry models have not been certified by major wireless carriers and are not in mass production. Citi also worries about RIMM's ability to have its new 9900 model ready in time for back-to-school.

Citigroup cuts its rating on Research In Motion (RIMM -0.2%) and lowers its price target to $45 from $80 ahead of today’s earnings report. Supply chain checks find that recent BlackBerry models have not been certified by major wireless carriers and are not in mass production. Citi also worries about RIMM's ability to have its new 9900 model ready in time for back-to-school. Post your comment!
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