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

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

View More Analyst Ratings for RIMM
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Posted-In: Jefferies & CompanyAnalyst Color Upgrades Analyst Ratings


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