UPDATE: National Bank Financial Raises PT to $15 on BlackBerry 10 February Launch Expectation
National Bank Financial reiterated its Outperform rating on Research In Motion (NASDAQ: RIMM) and increased its price target from $12 to $15.
National Bank Financial commented, "Increasing target price to $15/sh; we think there is MORE money to be made ahead of the C2013 launch of BB 10. The new management team is executing by maintaining the BlackBerry subscriber base, managing costs and cash, and seemingly readying a February 2013 BB10 global platform launch. Most analysts were expecting a March launch."
Research In Motion closed at $10.26 on Wednesday.
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Tags: National Bank Financial