Analyst Says BlackBerry May Avoid ‘Worst-Case Scenario’
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Research In Motion Ltd. climbed as much as 4.7 percent after Jefferies & Co. raised the stock’s rating to hold, saying the struggling maker of the BlackBerry may avoid a “worst-case scenario.”
RIM’s new BlackBerry 10 phones, due to be unveiled on Jan. 30, now have a 20 percent to 30 percent probability of success, said Peter Misek, a Jefferies analyst in New York. Misek, who had previously rated RIM the equivalent of a sell, also increased his target price to $10 from $5.