- Obama downplays IRS scandal, blames Obamacare rollout on ‘outdated’ agencies
- Pregnancies decline overall, up among older women
- Pentagon plans to destroy Syrian chemical arms on ship at sea
- Paris Metro issues ‘politeness manual’ to improve passengers’ behavior
- Justin Bieber, crew detained at Australian airport in drug search
- Lee Rigby trial: Muslim who machete-hacked soldier calls it ‘humane’ kill
- GM ending Chevy sales in Europe to focus on Opel and Vauxhall
- Putin’s diplomats to U.S. busted for living high life off $1.5M bilked from Medicaid
- Happy Meal: Couple goes to McDonald’s, leaves with bag packed with cash
- Boehner: It took me 3 to 4 hours to sign up for Obamacare
RIM stock rises after Goldman Sachs upgrade
TORONTO (AP) - Research In Motion rose Thursday after Goldman Sachs upgraded the phone maker’s shares, saying there’s a “30 percent chance” RIM’s much-delayed BlackBerry 10 smartphones will be a success.
THE SPARK: Goldman Sachs analyst Simona Jankowski lifted RIM to “Buy” from “Neutral,” the latest analyst to voice a slightly more optimistic view for the troubled company. Goldman lifted its 12-month price target to $16 from $9.
THE BIG PICTURE: RIM was once Canada’s most valuable company, with a market value of more than $80 billion in 2008, but shares have sunk due to ground lost to Apple Inc.’s iPhone and phones running Google Inc.’s Android system.
Now the company’s new BlackBerrys, expected sometime after Jan. 30, are considered critical to its survival. The new system includes a touch screen and the apps experience that customers now expect.
THE ANALYSIS: Jankowski noted positive early reviews for the new operating system and broad-based support by carriers who are looking to sell a third operating system beyond Google’s Android and Apple’s iOS.
Last week, National Bank Financial Kris Thompson increased his price target to $15 from $12, while Jefferies analyst Peter Misek doubled his price target from $5 to $10, saying the BlackBerry 10 operating system has a 20 to 30 percent chance of succeeding.
SHARE ACTION: Shares of Research In Motion added 67 cents, or 6.4 percent, to $11.77 in midday trading on the Nasdaq. The stock is up 78 percent since late September _ but it’s down 23 percent this year through Wednesday’s close, and has lost more than 90 percent from its 2008 high.
Why such hatred toward America's freedom of religion?
- 'Hunger Games' delivers Obama's message on income inequality: liberal group
- U.S. drops 2,000 mice on Guam by parachute to kill snakes
- Inside China: Nuclear submarines capable of widespread attack on U.S.
- Activists encourage Obama to circumvent Congress, use more executive authority
- CARSON: Getting to the top by starting at the bottom
- Obama returns to class warfare as poll numbers plunge
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- U.S. debt jumps a record $328 billion tops $17 trillion for first time
- Hack attack: 2 million Facebook, Twitter passwords stolen
- American teacher shot and killed at Benghazi international school
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