RIM stock up after price target raise


Mike Abramsky from RBC Capital Markets raised RIM’s price target from $140 to $150, causing their stock to raise 2.8% to $115.34 as of close of market on Friday. The analyst also rated the stock as “Outperform.” This is a pretty big turnaround from January, where RIM’s stock was rated as “Hold” and had its price target lowered from $145 to $110. Since then their stock has trended upward, even survived the multiple outages in February. Their fourth quarter financial results should be very interesting when they’re announced on April 2nd.

3 Responses to “RIM stock up after price target raise”

  1. 1 Web Browsers

    Bought RIMM a week ago to play with earnings. Lets see how it goes.

  2. 2 Victor Burroughs

    I read a similar article on a different web site and couldn’t fully see the implications, but this post makes it clearer to me now. Cheers!

  1. 1 Wall Street fears iPhone, sets RIMM stock to “Hold” | BlackBerry Cool

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