Rochester, NY 8/15/2009 1:09:18 AM
Research In Motion Ltd., RIMM - Kaufman Bros Raised its Price Target on Research In Motion, giving them higher conviction
Research In Motion Ltd.
Kaufman Bros lifts its price target on Research In Motion, now it moves from $79 to $87, further reiterating their Buy rating for the company, saying new product momentum gives them higher conviction that RIMM will hit upper-end of its August Financial Guidance.
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The firm also said they would take advantage of recent share weakness to add to positions. Shares of RIMM closed at $71.73 last trading, providing a potential of 21% upside to the firm's new price target.
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