Notable ETF Inflow Detected - SPY, PEP, ORCL, QCOM Wednesday, April 10, 11:06 AM ET, by Market News Video Staff Symbols mentioned in this story: SPY, PEP, ORCL, QCOM Exchange traded funds (ETFs) trade just ...
Jefferies (JEF) upgraded Research in Motion (RIMM) from hold to buy today.
Jefferies said that the Blackberry maker’s new QNX operating system may be up and running on the company’s devices sooner than expected. The operating system was designed for the PlayBook tablet computer, but will likely be sued for other devices.
RIMM’s handset sales look to be around the high end of its forecasts, Jefferies said.
Jefferies hikes it price target on RIM from $50 per share to $80 per share.
Research in Motion shares are trading up 4.5% Tuesday.
At 10.78% of the portfolio, Research in Motion is the third-largest holding of the Wireless HOLDRS (WMH) fund.
Crown Castle International (NYSE:CCI) is the top stock in the fund, at 34.05%, followed by Qualcomm (NASDAQ:QCOM), at 18.83%.
Verizon Communications (VZ) and Vodafone (VOD) are 8.32% and 7.24% of the fund, respectively.
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