How is RIM’s "Torch" Faring?

In some quarters, fears are mounting that the Torch, RIM’s latest BlackBerry, may not compete so well with the iPhone.

At least one equity analyst has downgraded the company’s rating to neutral from outperform, and to say that last week’s release of the BlackBerry Torch was “decent, but nothing great.”

In addition to downgrading the stock, Wedbush analyst Scott Sutherland also cut his price target on the company’s stock to $57 a share from $65, reports MarketWatch.

RIM’s Stock Falls On Downgrades And Weak Sales Of iPhone Challenger