R-I-M Running on 100% Upside Call (RIMM)

Posted in pre-market 
August 18th, 2009

Research in Motion Ltd. (NASDAQ: RIMM) is trading higher this morning.  We have seen only about 32,000 shares trade as of 8:15 AM EST but shares are up 2.5% at $72.30 after the BlackBerry maker saw its price target increased to $150 from an already-high $100 at RBC Capital. This is effectively now calling for more than 100% upside, a rare move for an analyst call in an established company. -JON OGG

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