Analyst Round-Up RIMM: 4 Upgrades Plus Numerous Raised Price Targets

April 3, 2009 11:31 AM EDT

Shares of Research In Motion (Nasdaq: RIMM) have been extremely hot today, surging more than 20% on better-than-expected Q4 earnings and Q1 guidance. Analysts have been all over the stock this morning, upgrading and raising price targets like nobody's business.

Here is a run-down of all the analyst calls we have heard so far:

• Deutsche Bank, which was "highly cautious" on RIM's outlook earlier this week, upgraded the stock from Sell to Neutral and also raised the stock's price target from $30 to $56.
  
• Credit Suisse upgraded RIM from Underperform to Neutral and raised its price target from $37 to $61.
  
• Analysts at Cowen & Co. also moved RIM's rating from Underperform to Netural.
  
• BMO Capital upgraded the stock from Market Perform to Outperform and also boosted it's target price from $52 to $72.
  
• UBS raised its price target from $52 to $65
  
• Blackmont lifted their price target on RIM from $60 to $75
  
• National Bank moved its price target from $60 to $75
  
• Thomas Weisel raised its target from $52 to $74
  
• RBC Capital boosted its price target from $75 to $80, suggesting upside of more than 35% from current levels, and
  
• TD Newcrest moved their target on RIM from $70 to $80.

You can see all the analyst calls on RIM in real-time by visiting our Analyst Ratings page.

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Related Entities

• Credit Suisse
• Deutsche Bank
• UBS
• BMO Capital
• RBC Capital
• Thomas Weisel Partners Group
• TD Newcrest
• Cowen & Co

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