to the conversion. We may see a few more people doing the Perk Walk to Court and may be Jail. May be they are the ones manipulating this stock too. After WSJ Article There may be an investigation. ML AGAIN?
Rating reiterations for January 16 from Briefing.com:
Company Symbol Brokerage Firm Reiteration
Metro-Gldwn-Myr MGM Sanders Morris Harris Buy West Marine WMAR Wells Fargo Securities Buy SLM Corp SLM Deutsche Bank Securities Hold 3M Co MMM Deutsche Bank Securities Buy LabOne Inc. LABS Deutsche Bank Securities Buy Bank of America BAC Deutsche Bank Securities Hold National City NCC Deutsche Bank Securities Buy Fairchild Semi FCS Deutsche Bank Securities Buy Research In Motion RIMM Merrill Lynch Buy
16-Jan-04 10:27 RIMM tgt raised to $105 at Merrill Lynch (80.85 -1.15)
Merrill Lynch reiterates their Buy rating and raises their target on Research in Motion (RIMM) to $105 from $65; firm initiates FY06 rev/EPS ests of $1.3 bln/$3.17, above consensus of $1.2 bln/$2.96, and says the co is benefiting from strong growth opportunities in North America, Europe, and Asia; in the U.S., firm says carriers have stepped up their efforts to mkt and sell BlackBerry given its positive effects to ARPU and potentially lower churn, and they believe an upgrade cycle is underway as existing users migrate to 2.5G, voice capable, and color screen products.