08:46 RIMM Research In Motion tgt raised to $160 from $125 at UBS (128.42 )
UBS raises their tgt on RIMM to $160 from $125 saying while they recognize the inherent flaws in a limited sample channel check, they believe the change in tone from Pearly launch (hardware upgrades) and recent checks is interesting. The firm says demand and re orders appears to see no early signs of abatement. Regarding .M.O USA adds, the co reported on Sept. 28th so it would be aware of add rates when providing guidance. The firm says sales trends at Marvell for its xScale processor appear strong with the co shipping as many as it can manufacture, based on their checks. The firm says while Marvell (MRVL) supplies a number of vendors, they believe Pearl/Blackberry strength is contributing to the strength
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