UBS Raises Price Target on RIM (RIMM) to $57

UBS issued a research note this morning raising its price target on Research In Motion (Nasdaq: RIMM) from $42 to $57.

Shares of Research In Motion are indicated higher this morning. In today's pre-market session, the stock is about 0.88% higher, currently trading around $57.36. Notably, shares of RIM gained more than 36% in January and are starting off February on a good note also, up 3.4%.

Research In Motion Limited engages in the design, manufacture, and marketing of wireless solutions for the mobile communications market worldwide.

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