RIM enjoys post-Super Bowl rally amid analyst upgrade Add to ...
Darcy Keith
The Globe and Mail
Published Monday, Feb. 04 2013, 3:03 PM EST
Last updated Monday, Feb. 04 2013, 6:22 PM EST
Inside the Market's roundup of some of today's key analyst actions
Call it the Super Bowl bounce. Shares in Research In Motion Ltd. rose more than 15 per cent Monday, one day after its first-ever ad targeted at the NFL championship aired in splashy fashion in the United States.
More likely, though, today’s rally has more to do bargain hunting after last week’s 27 per cent plunge – and an upgrade from analysts at Sanford C. Bernstein. The research house boosted its rating to “outperform” from “market perform” and raised its price target all the way from $12 to $22.