Standard and Poor still big on RIM


BusinessWeek Online is reporting that market analysts Standard and Poor are maintaining their (5 star) “strong buy” recommendation for RIM (NASDAQ: RIMM). This is no real big surprise as Standard and Poor were one of the few analyst groups to recommend RIM during the past few months of shaken investor confidence. However, S&P have raised their fiscal year 2007’s operating EPS estimate from $3.60 USD to $3.70 USD, stating that RIM’s shares are growing faster than their peers, despite being priced lower at 18 times S&P’s fiscal year 2007 EPS estimate.

Now all we need is Jim Cramer to weigh in again and it’ll be one big RIM lovefest.