RIM stock is up 4.3 per cent as RBC raises price target

This week has had some positive stock news for RIM as the S&P/TSX composite index rose 142.25 points, or 1.35%, to 10,673.84, as gainers outpaced losers by a ratio of nearly seven-to-one and nine of 10 subindexes closed in positive territory.

Technology stocks, which account for less than 5% of the total index, rose 3.92% as a group, getting a boost from Research in Motion Ltd., up 4.3%, after RBC Capital Markets analyst Mike Abramsky raised his price target on RIM from US0 to US0.

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