Deutsche Bank Raised BlackBerry (BBRY) to Hold; Chen Described as 'Suitable'
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BlackBerry (BBRY) Price Target Lowered to $7.80 at Goldman Sachs
November 5, 2013 9:12 AM ESTGoldman Sachs maintained a Neutral rating on BlackBerry (NASDAQ: BBRY) and lowered its price target to $7.80 (from $9.00).
Analyst Simona Jankowski said, "We are lowering our 12-month price target to $7.80 from $9, based on a fundamental sum-of-the-parts valuation of $7.80 (70% weighting), which is... More
CIBC Downgrades BlackBerry (BBRY) to Sector Outperform
November 5, 2013 8:52 AM ESTCIBC downgraded BlackBerry (NASDAQ: BBRY) from Sector Underperform to Sector Outperform with a price target of $5.00 (from $12.00).
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 $6.50 yesterday, with a 52 week range of $6.14-$17.22.... More
Societe Generale Upgrades BlackBerry (BBRY) to Hold
November 5, 2013 7:18 AM ESTSociete Generale upgraded BlackBerry (NASDAQ: BBRY) from Sell to Hold with a price target of $7.00.
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 $6.50 yesterday, with a 52 week range of $6.14-$17.22.... More
Lenovo Considered Buying BlackBerry (BBRY), Canadian Gov. Said 'No' - G&M
November 5, 2013 7:17 AM ESTLenovo considered buying struggling handset-maker BlackBerry (Nasdaq; BBRY) but was told by the Canadian government it would not accept a takeover by a Chinese company due to security concerns, according to reports in Globe and Mail.... More
BlackBerry (BBRY) Target Lowered to $6 at Jefferies
November 4, 2013 2:21 PM ESTJefferies maintained a Hold rating on BlackBerry (NASDAQ: BBRY) and lowered its price target to $6.00 (from $8.00).
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 $7.77 yesterday, with a 52 week range of $6.14-$17.22.... More
UPDATE: MKM Raises BlackBerry (BBRY) to Neutral; Co Would Have Accepted Any Offer at $7/Sh or Above
November 4, 2013 1:40 PM EST(Updated - November 4, 2013 2:33 PM EST)
MKM Partners upgraded BlackBerry (NASDAQ: BBRY) from Sell to Neutral with a modified price target of $6 (from $7). Despite the upgrade, analyst Michael Genovese isn't very optimistic given the company's failed auction, as he thinks the... More
Wells Fargo Comments on BlackBerry (BBRY) Debt Deal - Correct
November 4, 2013 1:07 PM EST(Updated - November 4, 2013 1:09 PM EST)
Wells Fargo maintained an Market Perform rating on BlackBerry (NASDAQ: BBRY) with a price target of $8-$9. Comments follow news Fairfax Financial would not acquire the company and CEO Thortsen Heins is departing. In addition, Fairfax and other investors will... More
BlackBerry (BBRY) Target Lowered to $7 at Credit Suisse
November 4, 2013 12:34 PM ESTCredit Suisse maintained a Neutral rating on BlackBerry (NASDAQ: BBRY) and lowered its price target to $7.00 (from $9.00).
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 $7.77 yesterday, with a 52 week range of $6.14-$17.22.... More
BlackBerry (BBRY) Breakup More Likely After Failed Bid - Canaccord Genuity
November 4, 2013 12:17 PM ESTCanaccord Genuity analyst Michaeal Walkley reiterated a Hold rating and cut its price target on BlackBerry (NASDAQ: BBRY) from $7 to $6, saying that in light of "the unsuccessful funding of Fairfax Financials $9/share bid, we believe a sale of BlackBerry is no longer imminent and... More
BlackBerry's (BBRY) Heins Won't Fare Too Bad Upon Termination
November 4, 2013 12:07 PM ESTAll is not lost for outgoing BlackBerry (Nasdaq: BBRY) CEO Thorsten Heins.
Canada's Globe and Mail said today that Heins might be eligible for up to $22 million in severance related to his abrupt departure.
According to a recent... More
BlackBerry's (BBRY) Chen Says Turnaround Will Take 1.5 Yrs
November 4, 2013 11:32 AM ESTBlackBerry's (Nasdaq: BBRY) interim CEO, John Chen, told Reuters he has absolutely no interest in shutting down the company's handset business. He thinks the company's turnaround plan will take 6 quarter. Chen declined to company on a possible licensing deal with Dell.... More
Nomura Sees No Sum-of-the-Parts Floor for BlackBerry (BBRY)
November 4, 2013 11:22 AM ESTNomura Securities analyst Stuart Jeffrey commented on BlackBerry (NASDAQ: BBRY) after a takeover of the company was unsuccessful and the CEO was forced out. The firm sees no reason to own the shares, and no sum of the parts to provide a floor... More
Fairfax, Others to Invest $1B in BlackBerry (BBRY); CEO Heins to Step Down
November 4, 2013 8:32 AM ESTBlackBerry (Nasdaq: BBRY) announced that it has entered into an agreement pursuant to which Fairfax Financial Holdings Limited ("Fairfax") and other institutional investors (collectively, the "Purchasers") will invest in BlackBerry through a U.S. $1 billion private placement of convertible debentures. Fairfax has agreed to acquire U.S. $250 million principal amount of the Debentures. The transaction is expected to be completed within the next two weeks.
Under the terms of the transaction, the Purchasers will subscribe for U.S. $1 billion aggregate principal amount of 6% unsecured subordinated convertible debentures (the "Debentures")... More
BlackBerry (BBRY) trading halted with news pending
November 4, 2013 8:26 AM ESTBlackBerry (NASDAQ: BBRY) trading halted with news pending.... More
BlackBerry (BBRY) Plans to Abandon Sale Process, Can CEO Heins
November 4, 2013 8:24 AM ESTBlackBerry (Nasdaq: BBRY) is lower amid word that the company is planning to replace CEO Thorsten Heins and abandon its sale plan.
According to Canada's Globe and Mail, BlackBerry will instead plan on a $1 billion equity raise... More
BlackBerry (BBRY) - Fairfax deal dies - Globe. To replace CEO
November 4, 2013 8:18 AM ESTBlackBerry (NASDAQ: BBRY) - Fairfax deal dies - Globe. To replace CEO... More
UPDATE: BlackBerry (BBRY) to Replace CEO, Abandon Sale - Globe
November 4, 2013 8:17 AM EST(Updated - November 4, 2013 8:18 AM EST)
BlackBerry (Nasdaq: BBRY) is planning to replace its CEO, the Globe said via Twitter. It will also abandon plans for a sale.... More