Article " Scotia Capital Says BB10 Phones Better Than iPhone & Androids" LINKED
RIM ready for battle in smartphone war, analyst says
Early BlackBerry 10 reviews suggest devices outperform iPhone 5 and Android phones
Posted: Jan 22, 2013 3:14 PM ET
Last Updated: Jan 22, 2013 3:10 PM ET
Research in Motion's upcoming models of BlackBerry 10 phones are better than the current generation iPhone and many Android devices, something that could be enough to propel the stock higher, according to an analyst at Scotia Capital.
In a research report on the company issued Tuesday. Scotia analyst Gus Papageorgiou upgraded his rating on the company to "outperform," citing the company's upcoming line of BlackBerry 10 smartphones as having the technical prowess to help RIM defend its turf and even expand in the highly competitive cellphone market.
"We believe RIM has a good chance at convincing some old users to come back to the platform and bring in some new users as well," Papageorgiou said. He upgraded his target price for the stock to $23.