Goldman Sachs has given Research In Motion a thumbs up — relatively speaking — telling investors on Thursday that there was a “30 percent chance” the company’s long-awaited BlackBerry 10 smartphones would be a success. The investment bank upgraded the stock from “neutral” to “buy.” It also lifted the 12-month price target from $9 to $16. RIM’s stock jumped 6 percent in response. However, Goldman Sachs’ analysis doesn’t quite augur a turnaround for RIM. Morgan Stanley, for example, has urged stockholders to sell RIM shares.
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RIM's Rally May Be Short-Lived
Posted by: Erika Morphy November 30, 2012 08:59 AMGoldman Sachs has given Research In Motion a thumbs up — relatively speaking — telling investors on Thursday that there was a “30 percent chance” the company’s long-awaited BlackBerry 10 smartphones would be a success. The investment bank upgraded the stock from “neutral” to “buy.” It also lifted the 12-month price target from $9 to $16. RIM’s stock jumped 6 percent in response. However, Goldman Sachs’ analysis doesn’t quite augur a turnaround for RIM. Morgan Stanley, for example, has urged stockholders to sell RIM shares.