Just saw Nice Upgrade: Barron's" Jefferies Raises Target to $ 19.50 " // link
January 18, 2013, 11:16 A.M. ET
RIMM: Jefferies Ups to Buy on Improving BB10 Support, ‘Fusion’ Prospects
By Tiernan Ray
Shares of Research in Motion (RIMM) are up 92 cents, over 6%, at $15.83, after Jefferies & Co.’s Peter Misek today raised his rating on the stock to Buy from Hold, and raised his price target to $19.50 from $13, the first time since April of 2011 that he has had a Buy rating on the shares.
A couple of factors prompt Misek this morning, including the prospect that RIM might have a viable software business in its “BlackBerry Mobile Fusion” programs for enterprise management of mobile devices, and also what he sees as improving developer and carrier support for the forthcoming “BB10” operating system software release for BlackBerry, which will be publicly unveiled on January 30th