RIM Bouncing Despite Susquehanna Downgrade (RIMM) (Update)

After trading about a percent lower in the pre-market session, shares of Research In Motion (Nasdaq: RIMM) are now trading sharply higher, shrugging off a downgrade from this morning. The stock most recently traded at $59.97, up about 2.2% for the session.

Susquehanna downgraded the stock from Positive to Neutral, also suspending the firm's $94 price target.

Stay tuned to StreetInsider.com for more color on the downgrade.

Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.

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