“Goldman raised its rating on RIM to ‘buy’ from ‘neutral,’ while also lifting its price target on RIM’s shares to $16 from $9,” Rocha reports. “The announcement sent RIM’s shares up 12.2 percent to $12.45 in premarket trading in the United States.”
“‘We are upgrading Research in Motion to Buy from Neutral, as we see a positive risk/reward heading into its BlackBerry 10 launch on January 30,’ Goldman analyst Simona Jankowski said in a note to clients,” Rocha reports. “Earlier this month, Jefferies & Co analyst Peter Misek, who has been one of RIM’s biggest critics, raised his rating and price target on the stock. And last week, National Bank analyst Kris Thompson raised his price target on the shares, stating that there is more money to be made in the stock ahead of the launch of the BB10 devices.”
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MacDailyNews Take: The leeches are scraping the last few bits of flesh from the carcass before it’s finally buried for eternity.
BlackBerry 10 needed to launch in 2010, not 2013 – and even that feat of time travel would’ve only prolonged the inevitable.
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Analyst: Beleaguered RIM’s BlackBerry 10 phones will be ‘DOA’ – November 7, 2012
U.S. Immigration and Customs (ICE) dropping RIM BlackBerry and purchasing 17,000 Apple iPhones – October 19, 2012
BlackBerry 10 adds so many features that so few people want – September 25, 2012
As Apple’s iPhone 5 debuts, beleaguered RIM has massive BlackBerry outage hits Europe, Middle East, Africa – September 21, 2012
Gartner sees BlackBerry, Android users upgrading to Apple’s iPhone 5 – September 20, 2012