Skip to main content

Market Overview

UPDATE: Jefferies & Company Upgrades Research In Motion Limited to Buy, Raises PT


In a report published Friday, Jefferies & Company upgraded its rating on Research In Motion Limited (NASDAQ: RIMM) to Buy, and raised its price target from $13.00 to $19.50.

Jefferies noted, “1) RIM will enable corporate email on iPhones and Android devices. This change we believe is unknown or not well understood but is important. 2) We see May and Aug Q results well above St due to $600 BB10 ASP and guaranteed volumes from carriers. 3) Our estimates only include 4M/Q of BB10 vs. RIM's 20-30M developed mkt installed base. 4) Subscriber base likely to be more preserved than feared.”

Research In Motion Limited closed on Thursday at $14.91.

Latest Ratings for RIMM

Jan 2013Evercore PartnersDowngradesEqual-WeightUnderweight
Jan 2013Credit SuisseDowngradesNeutralUnderperform
Jan 2013RBC CapitalMaintainsSector Perform

View More Analyst Ratings for RIMM
View the Latest Analyst Ratings


Related Articles (RIMM)

View Comments and Join the Discussion!

Posted-In: Jefferies & CompanyAnalyst Color Upgrades Analyst Ratings

Latest Ratings

DSEYJefferiesInitiates Coverage On19.0
LGOMorgan StanleyUpgrades36.0
THTXCanaccord GenuityMaintains8.0
SRAXDawson JamesInitiates Coverage On10.0
NVVECraig-HallumInitiates Coverage On19.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at