Scotia Raises RIM (RIMM) to Outperform; BB10 Upgrades Alone Will Drive Gains

Article Related Articles (3) Stock Quotes (1) Comments (0)

Scotia Capital is raising Research In Motion (Nasdaq: RIMM) from Sector Perform to Sector Outperform ahead of the launch of BlackBerry 10.

Scotia Capital is modeling BB10 device shipments of over 29 million units in fiscal 2014. Shipments should help RIM reach EPS of about $4.13, the firm noted.

From upgrades alone, Scotia Capital sees 26.2 million in BB10 unit sales.

Aside from the BB10 app selection, Scotia Capital says the operating system outperforms in every category.

Ahead of the opening bell Tuesday, RIM shares are up about 9 percent early.

For an analyst ratings summary and ratings history on Research In Motion Ltd. click here. For more ratings news on Research In Motion Ltd. click here.

Shares of Research In Motion Ltd. closed at $15.84 yesterday, with a 52 week range of $6.22-$17.34.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Goldman Sachs Upgrades Meritor (MTOR) to Buy
• Yahoo! (YHOO) Board Said to Approve $1.1B Tumblr Deal
• UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17

Create E-mail Alert Related Categories

Analyst Comments, Hot Upgrades, Trader Talk, Upgrades

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?