Scotia Capital: RIM Still an Unstoppable Force

6/29 - "The second half of fiscal 2009 and 2010 will be a strong period for Research In Motion Ltd. (RIMM) with an array of product launches accompanied by a big marketing push, according to Scotia Capital’s Gus Papageorgiou. He has an “outperform” rating on RIM and price targets of C$214 and C$246 per share for the next 12 and 24 months, respectively. The analyst also believes the Street’s expectations for fiscal 2010 are too low."

"He added that his estimates assume RIM has 15% of the global (smartphone) market by next year, up from 13.4% in the first quarter. The Street’s estimates imply just 11%, which is “unrealistic in the face of several new device launches and strong commitments from some of the largest carriers in the world (Verizon and Vodafone), in the fastest growing regions (North America and Western Europe) of the Smartphone market, the analyst added...