Two Former Mobile Device Giants Show Resurgence (RIMM) (NOK)
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November 26, 2012 11:08 AM EST
RBC Capital lifted its price target on Nokia (NYSE: NOK) Monday from $3 to $4, although they reiterated a Neutral-steering "Sector Perform" rating. The firm cited a modestly better cash position and encouraging demand for new devices.
RBC's Mark Sue said the update for Nokia's new Windows 8 Lumia 920/820/822 portfolio is better, with carriers positioning it in the "best-value" category for the holiday season. He notes Lumia 920 sells for $99 with a two-year contract and $450 without... More
November 23, 2012 7:28 AM EST
Research In Motion Ltd (NASDAQ: RIMM) is indicated to open 14 percent higher Friday, catching up from action in Toronto on Thursday while the U.S. stock market was closed for Thanksgiving. Shares of Research In Motion rose 18 percent to close at C$12.06.
The upside followed a positive research note from National Bank, which raised its U.S.... More
