Wunderlich Securities Remains Bullish On Research In Motion (RIMM)

Wunderlich Securities released a company note today covering Research In Motion

. The analysts wrote that "we expect RIMM's overseas sales of lower unit price products to be a larger factor than domestic re-stocking, which we forecast to happen during the back half of the fiscal year with the launch of BlackBerry 6." Wunderlich sees overseas expansion, especially in Asia and India to be the biggest incremental factor in the company's 1Q11 and 2Q11 revenue outlook. The analysts also said that it will be important for RIMM to execute a successful BlackBerry 6 launch campaign before Verizon launches the iPhone. Wunderlich has a Buy rating and $85.00 price target on the stock. During Monday's trading session, RIMM has been under significant pressure, sending the shares down 2.84% to $59.30. Volume has been heavy, as investors sell the stock prior to the company's earnings report on Thursday after the market close.