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Research In Motion (RIMM) shares are getting an early lift from Goldman Sachs analyst Simona Jankowski, who Wednesday morning repeated her Buy rating on the stock, while increasing her EPS estimates and raising her price target on the shares to $96 from $85. The stock closed Tuesday at $82.02.

For the February 2010 fiscal year, she now sees EPS of $5.34 a share, up from $5.10. For FY 2011, she goes to $6.45, from $6.03.

“Our retail checks and conversations with the supply chain throughout the quarter suggest continued robust sell-through of RIMM devices, helped by currency tailwinds,” she writes in a research note. Jankowski adds that, he after the stock’s 100% year-to-date gain, the stock remains her favorite pick in the communications technology sector, “as it continues to offer the rare combination of significant upside to estimates and a discount multiple.” She thinks the coming May earnings report will be a modest positive catalyst for the stock, with Street estimates likely to move higher.

RIMM Wednesday morning is up $1.57, or or 1.9%, at $83.59.

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Source: RIM Boosted by Estimates Increase