RIM (RIMM) Shares Tick Higher as Sterne Agee Upgrades to Buy

Sterne Agee's Shaw Wu upgraded shares of Research In Motion Ltd. (NASDAQ: RIMM) from Neutral to Buy Friday morning.

The raised investment rating follows a 39 percent decline in shares of RIM from the middle of June to a 52-week low set at the beginning of August. Since the 8th of this month, shares of RIM have bounced by about 30 percent (just 13 trading sessions).

The stock is indicated about 2.4 percent higher in Friday's pre-market session. Research In Motion shares last traded at $28.90.

For more ratings news on Research In Motion Ltd. click here and for the rating history of Research In Motion Ltd. click here.

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