Merrill Lynch’s Vivek Arya loves the Research In Motion (RIMM) Pearl. I mean, he’s ga-ga. ... Smartphone News forum
Merrill Lynch Ups Price Target (Again); Equates Pearl To iPod
Merrill Lynch’s Vivek Arya loves the Research In Motion (RIMM) Pearl. I mean, he’s ga-ga. In a note today, Arya said the Pearl is “a unique combination of design and functionality and can be a game change like Apple’s (AAPL) iPod and Motorola’s (MOT) RAZR, in our view…[the Pearl] platform extends RIM’s earnings momentum till at least 2008, warranting a longer term view on the stock.” With the Pearl, he writes, the company has extended its reach from the enterprise market to the “4x larger consumer space.”
Ergo, Arya today raised his price target on the stock to $135 from $110. That’s the first time’s he raised his price target on the stock in, uh, 10 days. -- Read More
Re: Merrill Lynch Ups Price Target (Again); Equates Pearl To iPod
Hayden, just read the full article, thanks. The guy from the Thundering Herd will be very impressive if he can put a QUERTY keyboard in a pearl by 2007 or anytime soon. Clearly either he or the journalist are not BB users...
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