Blackberry (BBRY) Gross Margin Could Surprise to Upside, Says Analyst
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Blackberry (BBRY) Checks Show Euphoria Fading Fast, Analyst Warns of Margin Pressure
March 22, 2013 9:06 AM EDTAccording to checks by analysts Brian Modoff of Deutsche Bank, euphoria over Blackberry's (Nasdaq: BBRY) Z10 phones is quickly fading in both the UK and Canada. In their most recent round of checks, researchers contacted 60 stores and not one was sold out, and two... More
UPDATE: Byron Capital Markets Downgrades BlackBerry (BBRY) to Hold, Cautious About Feb. Unit Sales
March 21, 2013 8:34 AM EDT(Updated - March 21, 2013 10:21 AM EDT)
Byron Capital Markets downgraded BlackBerry (NASDAQ: BBRY) from Buy to Hold with a price target of $18 Thursday. Analyst Tom Astel said he thinks the company is still a turnaround story, but would prefer to buy to... More
UPDATE: BlackBerry (BBRY) Gets Another Bull; Morgan Stanley Raises Two-Notches to Overweight
March 20, 2013 7:14 AM EDT(Updated - March 20, 2013 10:33 AM EDT)
Morgan Stanley upgraded BlackBerry (Nasdaq: BBRY) two-notches from Underweight to Overweight, boosting its price target from $10 up to $22.
Cited in the upgrade, analyst Ehud Gelblum sees a mix-shift at BlackBerry lifting margins "even after accounting for the steep decline in higher margin services revenue."
Gelblum is adopting a new sum-of-the-parts (SOTP) methodology on the known assets in valuing BlackBerry given lessening hope for the company to occupy the third spot for mobile OS market share. He explains, "that with Windows Phone 8 lacking traction in... More
