ThinkEquity Upgrades Research In Motion Ltd. (RIMM) to Buy

ThinkEquity upgraded Research In Motion Ltd. (NASDAQ: RIMM) from Hold to Buy with a price target of $16.00.

The upgrade follows news after the close that Amazon.com (Nasdaq: AMZN) and Microsoft (Nasdaq: MSFT)/Nokia (NYSE: NOK) were interested in bidding for the company.

For an analyst ratings summary and ratings history on Research In Motion Ltd. click here. For more ratings news on Research In Motion Ltd. click here.

Shares of Research In Motion Ltd. closed at $12.52 yesterday.

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