UPDATE: Sterne Agee Upgrades Research in Motion Limited from Neutral to Buy

Sterne Agee has published a research report on Research in Motion Limited RIMM. In the report, Sterne Agee wrote, "While we continue to be concerned with the company's longer-term fundamentals including risk of further margin compression and competitive risk, we see the companybenefitting from near-term product catalysts." Sterne Agee upgraded Research in Motion Limited from Neutral to BUY with a price target of $35.00. Research in Motion Limited closed Thursday at $96.49.