And just last week UBS analyst Maynard Um, also appearing on Fast Money, took a bullish position. He explained that UBS upgraded RIM to "buy" from "neutral" because the firm faces little competition in the enterprise market. (That's made up of large corporations and government departments.)
And, he said, even though this market is pressured today, it will be a source of strength for RIM when the economy firms up.
Um hiked his price target to $90 from $65 -- not quite as high as Jim Suva, but not too shabby either.
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Trader disclosure: On May 5th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (AAPL), (PCLN), (LVS), (SDS), (GE), (NFLX), (IMAX), (GS); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AAPL), (BAC), (BX), (RIO), (SBUX); Najarian Owns (BX) Call Spread; Najarian Owns (DFS) Calls; Najarian Owns (ERTS) Calls; Najarian Owns (FIG); Najarian Owns (MCD) And Is Short (MCD) Calls; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (PALM) And Is Short (PALM) Calls; Najarian Owns (XLI) Call Spread; Najarian Owns (XHB) Call Spread
For Jim Suva
Citigroup Global Markets Or Affiliates Owns 1% Or More Of Securities Of Palm, Research In Motion
Citigroup Global Markets Or Affiliates Has Received Compensation For Investment Banking Services In Past 12 Mos. From (CELL)
Citigroup Global Markets Or Affiliate Received Non-Investment Banking Compensation From (PALM), (GLW), (CELL), (MOT) In Past 12 Mos.
(MOT), (CELL) Are Or In Past 12 Mos. Were Investment Banking Clients Of Citigroup Global Marktets
(PALM), (GLW), (CELL), (MOT) Are Or In Past 12 Mos. Were Clients Of Citigroup Global Markets (Non-Investment Banking, Non-Securities Related)
Citigroup Global Markets Or Affiliate Received Compensation From (MOT) In Past 12 Months
Citigroup Global Markets Is A Market Maker In (PALM), (CELL), (RIMM)
For Maynard Um:
UBS Has Received Compensation From (AAPL) & (MOT)
(AAPL) & (MOT) Have Been A Client Of UBS
GE Is The Parent Company Of CNBC
NBC Universal Is The Parent Company Of CNBC
Charles Schwab Is A Sponsor Of "Fast Money"