The following video is from Monday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Joe Magyer, discuss the top business and investing stories.

In this segment, the guys discuss the Canadian Imperial Bank of Commerce's (CIBC) surprising upgrade of Research In Motion (NASDAQ: RIMM), Canadian smartphone makers of the BlackBerry, to the status of "outperformer," stating that it believes the stock is materially undervalued. We hear Chris, Jason, and Joe give their opinions as to what the investment thesis could be that CIBC is considering to come out with such a surprising shift in position.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.