Insiders' Blog
Sponsored by: Subscribe to EasyStockAlerts.com Now & Get The News Before Everyone Else!
Canaccord Reiterates Buy on Research In Motion (RIMM); $200 PT
More News related to RIMM
- Other Nasdaq Stocks Fall on Disapponting GOOG, MSFT Earnings (AAPL, RIMM, AMZN, more..)
- Research In Motion (RIMM) Seeing No Adverse Impact From iPhone 3G Launch - Canaccord Adams
- Notable Analyst Rating Changes 7/16: PFCB, CSX, BWA Upgraded; CSCO, MGM, RIMM Downgraded
- Notify Technology Joins Google Enterprise Professional Program
- Pre-Open Movers 7/16: Alpha Natural Resources (ANR) Higher on Cleveland-Cliffs Buyout; CB&I (CBI) Sinks On Cost Overruns
More News related to Insiders' Blog
- IMAX Corporation (IMAX) Spikes Today As Its Theaters Are Sold Out Across The Country
- Freeport (FCX) Spikes on Takeover Chatter; Vale (RIO) Denies Rumors
- Piper Jaffray Downgrades Infinity Property and Casualty (IPCC) To Neutral
- VMware (VMW) Re-Prices Stock Options For Employees To A Price More Reflective Of VMware's Current Price
- UBS Raises Price Targets on Potash (POT) and Agrium (AGU)
Canaccord Adams reiterates its Buy rating and $200 price target on Research In Motion (Nasdaq: RIMM). The firm also has Research In Motion on its Best Idea's list.
After attending Research In Motion's analyst day at the Wireless Enterprise Symposium, where it introduced its new BlackBerry Bold, the firm remains especially optimistic on RIM's future prospects. Canaccord said that Research In Motion's co-CEO indicated that management expects to introduce "at least a half dozen new models loaded with amazing multimedia capabilities..." over the next 6-12 months.
The firm said it continues to like Research In Motion's "focused growth strategy" and expects the release of the Bold to be bullish for the stock.
Notably, Canaccord's $200 target on RIM represents a potential gain of more than 40% from today's price of about $139.60.
Research In Motion Limited engages in the design, manufacture, and marketing of wireless solutions for the mobile communications market worldwide. [BCS]
Related Categories
Analyst CommentsInsiders' Blog
Stocks Mentioned
+2.07Related Entities
Sign up for StreetInsider Free!
Recieve full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
