UBS Upgrades Research In Motion (RIMM) to Buy; Lifts Price Target to $90
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UBS upgrades Research In Motion (Nasdaq: RIMM) from Neutral to Buy, and also raised its price target by 38% from $65 to $90.
In the pre-market session, shares of Research In Motion are trading slightly higher on the upgrade. The stock has now jumped over the $70 level, most recently trading at $70.74, up about 1.8% from yesterday's closing price.
UBS's new $90 target represents potential upside of more than 27% from current levels.
To see all the analyst action on shares of RIM, go to our Analyst Ratings page.
Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide.
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