UPDATE 1-RIM shares rise 6 pct as Goldman jumps on BB10 bandwagon

Thu Nov 29, 2012 12:25pm EST
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* Goldman lifts rating on RIM to "buy" from "neutral"

* Boosts price target on RIM shares to $16 from $9

* RIM shares rise more than 6 pct on the Nasdaq, TSX (Adds details, background, updates share price move)

By Euan Rocha

TORONTO, Nov 29 (Reuters) - A wave of optimism surrounding the launch of Research In Motion's re-engineered BlackBerry line picked up momentum on Thursday with Goldman Sachs raising its rating on the smartphone maker and setting off a surge in i ts share price.

The brokerage firm joined a growing chorus of analysts who have warmed to the prospects of a successful introduction of the new BlackBerry 10 devices, which RIM hopes will let it claw back market share lost to Apple Inc's iPhone and smartphones powered by Google's Android platform. The BB10 devices are expected to hit store shelves early next year.

The shift in sentiment has been swift. A few weeks ago, most analysts believed RIM had squandered any chance it had to become a serious competitor because of repeated delays in the launch of the new smartphone.

But with a launch date now set for Jan. 30 and some positive feedback about the devices from telecom carriers and developers, some analysts now think RIM might be able turn around its fortunes.

In a note to clients, Goldman analyst Simona Jankowski said preliminary specifications that have emerged on the BB10 devices appear impressive.   Continued...