UPDATE: BlackBerry (BBRY) Has Less Downside; BMO Raises to Market Perform

(Updated - July 19, 2013 11:39 AM EDT)

BMO Capital upgraded BlackBerry (NASDAQ: BBRY) from Underperform to Market Perform with a price target of $8.00. The upgrade follows a 35% decline in BlackBerry stock and is anything but a bullish call. Analyst Tim Long said he doesn't expect BlackBerry will be acquired. However, he said there's precedent for overprice acquisitions in the industry.

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 $9.12 yesterday.

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