Research in Motion downgraded to “Sector Perform”

RBC Capital Markets, today downgraded Research in Motion from “Outperform” to “Sector Perform”.  The target price is set to $100.  Increased competition by the likes of Microsoft, which is likely to announce an Enterprise Feature Pack for Windows Mobile 5.0, and Good Technology, that just inked a deal with Cingular to offer their GoodLink Software as part of Cingular’s customers plans, is imminent.  RBC Capital Markets doesn’t expect this new competition to adversely impact Research in Motions longer-term franchise, however.