$165 (U.S.) RIM targetThe Globe and Mail reports in its Tuesday, Sept. 23, edition that Research in Motion tumbled $8.11 to finish Monday on the Toronto Stock Exchange at $101.39 (all figures U.S. unless otherwise stated). The Globe's Allan Robinson writes in the Eye On Equities the stock has a one-year range of $82.61 to $150.30. Research In Motion should see strong results from its new product launches and increased sales volumes resulting from lower prices, say UBS Securities Canada analysts. Research in Motion's "operating expenses could be lower than our current forecasts, particularly if the company is judicious in discretionary sales and marketing for brand building." The share price target is $165 (U.S.) based on forecast 2009 earnings of $4.69 (U.S.) a share. UBS gave Research in Motion the same target price in The Globe on July 2 when it was trading at $119.69. Morningstar Canada analyst Jordan Benincasa said in The Globe on June 30 that if a fund manager was not holding Research in Motion he is "immediately behind the eight ball." The stock was then trading at $122.