[koolrosh]

Price keeps going up! Interesting read.

Research In Motion Ltd. was upgraded by CIBC World Markets on Monday, after an analyst with the investment bank called RIM’s stock “materially undervalued.”

Todd Coupland, a tech analyst with CIBC, increased his rating on RIM to sector outperformer from his previous rating of sector underperformer.

The big upgrade also came with a sizable price target hike. Mr. Coupland said he now forecasts RIM’s stock to hit US$17 in 12 months, from his previous target of US$8.
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“Regardless of market share upside, it is our view that RIM is now in a good position to successfully stabilize its base, which will help repair its brand reputation and push shipments higher on a year over year basis off a low base,” he said.

RIM stock: CIBC gives big vote of confidence ahead of BB10 launch | Trading Desk | Investing | Financial Post