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Cormark Upgrades BlackBerry (BBRY) to Top Pick, 'Risk/Reward Looks Good'

April 1, 2013 4:48 PM EDT Send to a Friend
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Price: $10.38 --0%

Rating Summary:
    7 Buy, 38 Hold, 16 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Cormark upgraded BlackBerry (NASDAQ: BBRY) from Buy to Top Pick with a price target of $20.00. Analyst Richard Tse said BlackBerry's risk/reward "looks good" and made note of recent strength in operating results. In his view this reduces execution risk. Tse also pointed to potential upside in service revenue and momentum in news flow.

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

Shares of BlackBerry closed at $14.45 yesterday.




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