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

January 22, 2013 6:41 AM EST
Get Alerts RIMM Hot Sheet
Price: $14.64 +12.36%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
Trade RIMM Now!
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Hot Upgrades, Trader Talk, Upgrades

Add Your Comment