Research In Motion rises 2.2% after CIBC upgrade

 

 http://www.marketwatch.com/story/research-in-motion-rises-22-after-cibc-upgrade-2012-11-26?siteid=bigcharts&dist=bigcharts

Nov. 26, 2012, 8:30 a.m. EST 

By Steve Gelsi 

NEW YORK (MarketWatch) -- CIBC World Markets on Monday upgraded Research In Motion Ltd. RIMM -10.52% to speculative sector outperformer, which is the firm's equivalent of a buy rating, based on prospects for the company's new BlackBerry 10 debuting on Jan. 30. Analyst Todd Coupland had rated the company a sector underperformer. CIBC hiked its price target on Research in Motion to $17 a share from $8. Coupland said he expects an "upgrade of the existing subscriber base" for the company's BlackBerry 10. "Even in the face of lower service average revenue per user, RIM looks materially undervalued," Coupland said in a note to clients.

RIMM Research in Motion Ltd. (NASDAQ)

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=RIMM&x=36&y=12&time=8&startdate=1%2F4%2F1999&enddate=11%2F27%2F2012&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=3&maval=9&uf=8&lf=4&lf2=1&lf3=32&type=4&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11