UPDATE: Byron Capital Markets Downgrades BlackBerry (BBRY) to Hold, Cautious About Feb. Unit Sales
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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: Cormark Upgrades BlackBerry (BBRY) to Buy, Sentiment Turning
March 21, 2013 3:13 PM EDT(Updated - March 21, 2013 4:43 PM EDT)
This morning Cormark upgraded BlackBerry (NASDAQ: BBRY) from Market Perform to Buy with a price target of $20 (from $14). BlackBerry stock, notes analyst Richard Tse, is driven by sentiment and expectations and he sees both turning... More
Jabil Circuit (JBL) Still Solid; No Problem With Apple (AAPL) Biz - Needham & Company
March 21, 2013 12:40 PM EDTJabil Circuit (NYSE: JBL) is down 5 percent Thursday following second quarter results and guidance that were below the Street's estimates. However, analysts at Needham & Company are not throwing in the towel and have reiterated a Buy rating on the stock.
Analyst Sean Hannan does not view the... More
Blackberry (BBRY) Gross Margin Could Surprise to Upside, Says Analyst
March 21, 2013 8:24 AM EDTAnalyst Maynard Um of Wells Fargo thinks the Street is underestimating gross margin at turnaround story BlackBerry (NASDAQ: BBRY).
"Key to our blended gross margin forecast of 32% is higher mix of BB10, which we estimate at 27% gross margin, and lower mix of... 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
