RIM Soars After Goldman Sachs Raises Rating to Buy
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Research In Motion Ltd. gained after Goldman Sachs Group Inc. upgraded the stock to buy, saying the new BlackBerry 10 phones could help it return to profitability in fiscal 2014.
RIM advanced 4 percent to $11.54 in New York. The Waterloo, Ontario-based company’s shares have gained 46 percent since the end of October and advanced on 10 of the last 11 trading days, though the stock is down 20 percent this year.