At least RIM is getting some good news. Peter Misek of Jefferies & Co has who has bashed RIM in the past has now increased his stock price target to $10 from $5 and changed his rating on the stock from “underperform” to a “hold.” He also had this to say:
“Preliminary results from our quarterly handset survey indicate developed market carriers have a much more positive view of BB10 than we expected,” Misek said in a note to clients.
He also had this to say:
Misek cautioned that there is still downside if RIM’s gamble on BB10 fails, but he noted that the stock could be worth as much as $43 within the next 12 months if RIM’s bet pays off and its new operating system gets licensed by other handset makers.
The result? The stock has been up over the last couple of days. Perhaps they have some hope. We’ll see AFTER their media event at the end of January.
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This entry was posted on November 21, 2012 at 8:22 pm and is filed under Commentary with tags BlackBerry, RIM. You can follow any responses to this entry through the RSS 2.0 feed.
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Someone Likes RIM…. Stock Bounces
At least RIM is getting some good news. Peter Misek of Jefferies & Co has who has bashed RIM in the past has now increased his stock price target to $10 from $5 and changed his rating on the stock from “underperform” to a “hold.” He also had this to say:
“Preliminary results from our quarterly handset survey indicate developed market carriers have a much more positive view of BB10 than we expected,” Misek said in a note to clients.
He also had this to say:
Misek cautioned that there is still downside if RIM’s gamble on BB10 fails, but he noted that the stock could be worth as much as $43 within the next 12 months if RIM’s bet pays off and its new operating system gets licensed by other handset makers.
The result? The stock has been up over the last couple of days. Perhaps they have some hope. We’ll see AFTER their media event at the end of January.
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This entry was posted on November 21, 2012 at 8:22 pm and is filed under Commentary with tags BlackBerry, RIM. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.