RIM jumps 10 percent in Toronto trade after Goldman upgrade

November 29, 2012 2:49 PM GMT

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Shares in Research In Motion Ltd rose more than 10 percent at the open on the Toronto Stock Exchange after Goldman Sachs upgraded the BlackBerry maker's stock to a "buy" from a "neutral" recommendation.

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The stock traded at C$12.02 ($12.10), up from a close of C$11.00 on Wednesday, after opening at C$12.18. The brokerage joined a growing chorus of analysts to turn positive on the company's prospects.

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(Reporting by Alastair Sharp; Editing by Gerald E. McCormick)

Copyright 2012 Thomson Reuters. All rights reserved.
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