Thursday, November 29, 2012

RIM jumps 10 percent in Toronto trade after Goldman upgrade

TORONTO (Reuters) - Shares in Research In Motion Ltd rose more than 10 percent at the open on the Toronto Stock Exchange after Goldman Sachs upgraded the BlackBerry maker's stock to a 'buy' from a 'neutral' recommendation.

The stock traded at C$12.02 ($12.10), up from a close of C$11.00 on Wednesday, after opening at C$12.18. The brokerage joined a growing chorus of analysts to turn positive on the company's prospects.

(Reporting by Alastair Sharp; Editing by Gerald E. McCormick)



This article is brought to you by COMPUTERS FOR SALE.

No comments:

Post a Comment