RE: RE: RE: RE: RE: RE: RE: BB 10 will be the new Globe says CIBC analyst among the most bullish on RIM
The Globe's Iain Marlow writes that on Nov. 26, 2012 CIBC World Markets' Todd Coupland moved his price target to $17 from $8 and raised his rating, saying "RIM looks materially undervalued.RIM stock higher, despite some pricing pressure. Over all, the company's fundamentals have not changed substantially, but some think there is money to be made ahead of the commercial availability early next year of RIM's upcoming BlackBerry 10 phones. In the past couple of weeks, broad sentiment around the smart phone giant has turned decidedly sunny. Some are even predicting a mass upgrade to the new devices by the 80 million BlackBerry users.