BlackBerry (BBRY) Target Lifted at Canaccord Genuity on Updated SOTP
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BlackBerry (BBRY) PT Cut to $8.80 at Goldman Sachs
March 31, 2014 8:33 AM EDTGoldman Sachs maintained a Neutral rating on BlackBerry (NASDAQ: BBRY) and trimmed its price target to $8.80 (from $9.50). Analyst Simona Jankowski called the company's Q4 "mixed."
"BlackBerry beat consensus EPS estimates by a wide margin on aggressive cost cutting, with gross margin of 43% well ahead of consensus at 35% (GS at 40%), and opex of $577mn... More
BlackBerry (BBRY) Target Price Lifted at Nomura Securities
March 31, 2014 8:01 AM EDTNomura Securities analyst Stuart Jeffrey reiterated a Neutral rating on BlackBerry (NASDAQ: BBRY) and raised his price target from $7 to $9.
Jeffrey comments, "There are signs of hope that new managements turnaround can succeed but, meaningful challenges remain. Device gross margins are... More
Needham & Company Upgrades BlackBerry (BBRY) to Hold
March 31, 2014 7:08 AM EDTNeedham & Company upgraded BlackBerry (NASDAQ: BBRY) from Underperform to Hold.
Analyst Charlie Wolf upgrade the stock for two reasons: "First, John Chen, the new CEO, seems to have brought adult supervision to the company. Second, we see potential for a meaningful... More
Evercore Partners Downgrades BlackBerry (BBRY) to Underweight
March 31, 2014 6:45 AM EDTEvercore Partners downgraded BlackBerry (NASDAQ: BBRY) from Equal Weight to Underweight.
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 $8.41 yesterday.... More
Credit Suisse Downgrades BlackBerry (BBRY) to Underperform
March 31, 2014 6:43 AM EDTCredit Suisse downgraded BlackBerry (NASDAQ: BBRY) from Neutral to Underperform with a price target of $6.00 (from $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 $8.41 yesterday.... More
Credit Suisse Downgrades BlackBerry (BBRY) to Underperform; Mixed Q4 Results Didn't Improve Turnaround Outlook
March 31, 2014 6:23 AM EDTCredit Suisses cuts BlackBerry (Nasdaq: BBRY) from Neutral to Underperform and trims its price target from $7 to $6.
Analyst Kulbinder Garcha noted weaker-than-expected Q4 top-line results, though underlying operating loses of $176 million topped expectations. The analyst is concerned over the level of free... More
