RIMM target price raised

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MoneybagsRIM’s stock has hit an all-time high of $88.23 yesterday after a Canaccord Adams analyst bumped up their target price to $120 and reiterated their “Buy” rating. This came hot on the heels of a handset survey putting BlackBerrys in a favourable light. On the market, RIM hasn’t lost any steam since the 3-to-1 stock split, even in the light of iPhone hype. Right now, RIMM is sitting at $86.97, up $1.49 (1.74%).