RIM's Stock Gets A Boost
Struggling BlackBerry maker Research In Motion saw its stock surge this week, after Goldman Sachs showed some faith in the company's upcoming BlackBerry 10 software.
Analyst Simona Jankowski Wednesday increased her rating on RIM's stock from "neutral" to "buy," saying there's a "30 percent chance" BlackBerry 10, slated to launch in January, could actually be a hit among consumers. Goldman Sachs also increased its 12-month price target for RIM shares from $9 to $16.
When investors caught wind of this rosy outlook, RIM stock rose by more than 6 percent.