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  1. MoolahMitch's Avatar
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    Thread AuthorThread Author   #1  

    Default Research In Motion (NASDAQ: RIMM) was upgraded by equities researchers at CIBC to an “outperform”

    Oh how quickly the tables turns when it comes to analysts:

    "Research In Motion opened at 11.66 on Monday. Research In Motion has a 1-year low of $6.22 and a 1-year high of $18.77. The company’s market cap is $6.021 billion.

    Research In Motion last announced its earnings results on Thursday, September 27th. The company reported ($0.27) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.46) by $0.19. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.50 billion. The company’s revenue for the quarter was down 31.1% on a year-over-year basis. Analysts expect that Research In Motion will post $-1.27 EPS for the current fiscal year.

    RIMM has been the subject of a number of other recent research reports. Analysts at National Bank raised their price target on shares of Research In Motion to $15.00 in a research note to investors on Friday. Separately, analysts at Jefferies Group upgraded shares of Research In Motion from an “underperform” rating to a “hold” rating in a research note to investors on Tuesday, November 20th. They now have a $10.00 price target on the stock, up previously from $5.00. Finally, analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of Research In Motion in a research note to investors on Monday, November 12th.

    Research In Motion Limited (RIM) is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market."
    Regards,

    Moolah Mitch

    Z10 STL100-3/10.1.0.2354
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  2. timmy t's Avatar
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    #2  

    Default

    It also raised its target price to $17.
    MoolahMitch likes this.
  3. the_kid_hartford's Avatar
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    The train just keeps on moving down the tracks........picking up steam all along.........it's real, happening now and just plain awesome!!!!

    Naysayers, doubters and negative divas of the adroid world and that other fruit......stage left, the heavy set lady is warming up, YA HEARD!!!!!
    "Every tradition constructed by human beings is subject to ossified arrogance, blinding pomposity and outright bigotry. That is true not just for Judaism, not just for Christianity, not just for Islam, it is true for secular traditions as well."

    Dr. Cornel West
    bb624 likes this.
  4. robtanz's Avatar
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    #4  

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    The RIM marketting team is doing good work.

    Sent from my Atari 2600
    Knightcrawler likes this.
  5. Homo Erectus's Avatar
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    #5  

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    buy at 6 dollar 500 share (3000) please go 15 I make (7500 )
  6. Andrew4life's Avatar
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    #6  

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    except this time, the stock has rallied so much, it didn't even budge much today.
  7. bluetroll's Avatar
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    love it... keep the positive train coming!
    MoolahMitch likes this.
  8. randall2580's Avatar
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    I saw an interview with this analyst on CNBC yesterday. One thing I found interesting. When he was talking about BB a few times he said "we want and we expect" as he spoke of BB and the coming BB10 as if he uses a BlackBerry himself. It was nice to see in any case an analyst speak of the phone like one of us would.

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