JMP Securities’ Samuel Wilson repeated his Market Outperform rating and $80 target price. “As the lead holiday season product, distributed for free with contract at Vodafone, we believe this launch will drive a substantial uptick in RIMM sales,” he writes. Wilson says the phone is “designed as ammunition for carriers left out of the iPhone.” Oppenheimer’s Ittai Kidron, who has an Outperform rating on RIMM, asserts that “with strong carrier support this holiday season, we believe the Storm fundamentally changes the game” for RIMM.
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$56.21 (10/10/08)
