RIM's PlayBook
BlackBerry-maker Research in Motion (RIM) is launching a 4G version of its popular PlayBook tablet this summer with wireless carrier Sprint Nextel. Reuters

Barclays Capital raised profit estimates of Research In Motion Ltd. (NASDAQ:RIMM) (TSE:RIM), saying Playbook tablet and QNX phone visibility is improving, and continued international strength appeared sustainable.

The brokerage, which has a price target of $85 on the stock, lifted the company's fiscal 2011 earnings per share estimate to $6.31 from $6.05 and fiscal 2012 estimate to $6.82 from $6.52.

Continued international strength, Playbook visibility, and better margins allow our increasingly conservative FY12/13 EPS to rise further, analyst Jeff Kvaal said in a note.

Kvaal said healthy, if not flawless, third quarter metrics build visibility into the positive thesis.

Shares of RIMM ended Friday's trading at $60.20.

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