Tuesday, May 5, 2009

J.P. Morgan Upgraded RIM

A little over a month after J.P. Morgan downgraded RIM, it raised its rating to neutral from underweight and set a $74 price target - well above its prior $40 stock call.
If people bought the stock when JP downgraded it and sell today when it upgrades, it seems a very good return. A reverse indicator? :)

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