Analyst Comments

BlackBerry (NASDAQ: BBRY) recently launched its new Q10 smartphone in the Canada and the UK. According to checks by analysts at Deutsche Bank, the phone is selling well in Canada. The Q10's performance in the U.K was described as "tepid."

"The results were similar to those we found with the Z10 shortly after its initial launch – a tepid reception in the UK and a much more positive response in Canada," said analyst Brian Modoff.

"In Canada, the Q10 was selling well in a majority of the stores we contacted. It was sold out in three and had limited stock in several others. Moreover, the Canadian store representatives were much more positive on the feature sets of the Q10 compared to their UK counterparts. Overall, the results surprised us as we thought that Blackberry would be challenged to remain relevant given the recent launch of the SIV," added Modoff.

The results of the survey did not change Deutsche Bank's thesis, and Madoff still thinks the company's fate is tied to Q10 results in the U.S.

"We still think the company has serious challenges in front of them in terms of declining service revenues, managing two OS platforms and migrating a user base over to an unfamiliar platform. While Canada was incrementally positive to the overall story, we believe that the US will likely be a better measure of the company's longer term outlook," concluded the analyst.

Deutsche Bank has a Hold rating on BlackBerry with a price target of $8.00.

For an analyst ratings summary and ratings history on BlackBerry (NASDAQ: BBRY) click here. For more ratings news on BlackBerry click here.

Shares of BlackBerry closed at $14.46 yesterday, with a 52 week range of $12.55-$17.22.

Wells Fargo today maintained an Outperform rating on Sourcefire (NASDAQ: FIRE). Analyst Gray Powell said he was very bullish on FireAMP.

"We were encouraged by near- and long-term insights on FireAMP, federal spending trends, and the potential ASP benefit of selling NGFW into FIRE's customer base. With 20%+ growth in FIRE's core IPS product, coupled with the longerterm FireAMP and NGFW opportunities (20% / 10% respective revenue uplift) we think FIRE will achieve its goal of doubling revenue every three years," said Powell.

For an analyst ratings summary and ratings history on Sourcefire click here. For more ratings news on Sourcefire click here.

Shares of Sourcefire closed at $54.88 yesterday, with a 52 week range of $39.50-$59.49.

Deutsche Bank today reiterated a Buy on EQT Corp. (NYSE: EQT) and raised its price target to $100.00 (from $82.00). Analyst Stephen Richardson thinks the market is to conservative on the company's valuation.

"Our view at EQT has been that the market was overly conservative surrounding asset quality and that the sum-of-the-parts value was compelling relative to peers. After a better than expected Q1 and improving visibility surrounding the resource, our more bullish value scenario is playing out ahead of schedule. Look for revised resource disclosure (before 2Q results), asset sale (EQM drop) this summer, and new ventures results (Utica, Upper Devonian). All of which support our bullish outlook," said Richardson.

For an analyst ratings summary and ratings history on EQT Corp. click here. For more ratings news on EQT Corp. click here.

Shares of EQT Corp. closed at $79.90 yesterday, with a 52 week range of $43.69-$82.13.

Deutsche Bank today maintained a Buy rating on Dean Foods (NYSE: DF) with a price target of $13.00 (from $23.00). The new price target accounts for the spin-off of WhiteWave Foods Company (NYSE: WWAV).

"With the spin out of WWAV (less 20% retention), we continue to view core DF as offering very significant upside. The 20% stake in WWAV equates to $3.35 per share to DF. Using an undemanding 6.5x EBITDA multiple on DF supports a value of $9-10 per share. Combined, our new price target of DF is $13. As mgmt optimizes the capital structure, we see a return of cash to shareholders leading to even greater upside on core DF valuation," said analyst Eric Katzman.

For an analyst ratings summary and ratings history on Dean Foods (NYSE: DF) click here. For more ratings news on Dean Foods click here.

Shares of Dean Foods closed at $19.95 yesterday, with a 52 week range of $11.66-$21.06.

Deutsche Bank downgraded Signet Jewelers (NYSE: SIG) from Buy to Hold. Analyst Warwick Okines thinks momentum is already priced into the stock.

"Signet continues to have excellent momentum in the US, as demonstrated by Same Store Sales growth of +10.2% at Kay's and 17.7% EPS growth in the quarter. Calendar effects and the final stages of integrating the Ultra acquisition will lead to little or no earnings growth in Q2, and as we enter the quiet part of the year for Signet (25% of annual EPS generated in Q2 & Q3 combined) the main catalyst is likely to be further news of a new share buyback programme. This is already partially in our forecasts, and despite our TP up to 4850p we downgrade to Hold," said Okines.

For an analyst ratings summary and ratings history on Signet Jewelers (NYSE: SIG)click here. For more ratings news on Signet Jewelers click here.

Shares of Signet Jewelers closed at $71.63 yesterday, with a 52 week range of $40.74-$72.52.