Merill Lynch bumps up RIM stock

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Mo money, mo problems. Financial analyst group Merill Lynch just bumped up their target price for RIM stock to $190 (18% higher than yesterday’s close of $159.89), resulting in a 3% jump in shares. Investors seem to be buying into RIM’s notion that the iPhone will actually improve sales rather than act as direct competition. Ongoing talk about Wi-Fi, the Curve and a new Pearl surely provide plenty of bait for anyone looking to invest.