Needham & Company Upgrades BlackBerry (BBRY) to Hold
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Price: $11.57 --0%
Rating Summary:
4 Buy, 31 Hold, 12 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 31 Hold, 12 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Needham & 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 upgrade cycle in the company’s installed base later this year when BlackBerry introduces its new "Classic" business smartphone."
The firm is raising fiscal 2015 estimate from a loss of $3.85 to a loss of $1.75.
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.
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 upgrade cycle in the company’s installed base later this year when BlackBerry introduces its new "Classic" business smartphone."
The firm is raising fiscal 2015 estimate from a loss of $3.85 to a loss of $1.75.
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.
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