BMO Lifts Price Target on RIM (RIMM) to $82

BMO Capital raises its price target on Research In Motion (Nasdaq: RIMM) from $72 to $82.

Shares of Research In Motion are currently up 4.85% to $75.53. Besides the increased price target, traders may be buying shares of RIM today as the entire Nasdaq exchange is outperforming on the back of a Morgan Stanley upgrade of Apple (Nasdaq: AAPL), which has that stock up more than 5.5%.

Based on today's stock price, BMO's raised price target represents potential upside of about 8.6% from current levels.

To see all the analyst calls on shares of Research In Motion, visit our Analyst Ratings page.

Research In Motion Limited designs, manufactures, and markets wireless solutions for the mobile communications market worldwide.

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