RBC Capital Reiterates 'Top Pick' on RIM (RIMM); Playbook Set for Success; Shares Cheap

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RIMM Hot Sheet

Rating Summary:
5 Buy, 32 Hold, 14 Sell

Rating Trend: = Flat

Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23

Research in Motion Ltd. (NASDAQ: RIMM) is setting itself up for a "strong debut" of its Playbook tablet, according to RBC Capital analyst Mike Abramsky, who got a hands on experience with the device last week at the Consumer Electronics Show.

Abramsky says, "Hands-on PlayBook demonstrations at CES showed its differentiation in multitasking and performance, which may be difficult for Apple/Android to rival. RIM showed simultaneously running desktop/business applications, 3D games, 1080p video, mobile desktop, Flash-based browsing, apps – possibly a unique advantage, if this experience becomes 'Table Stakes' for Tablets."

The analyst says that RIM is seemingly determined to get the Playbook right from the onset.

RBC has a Top Pick Rating on RIM with a $90 price target, noting that the stock is cheap at roughly 9 times forward earnings.

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