UPDATE: BlackBerry (BBRY) Looks More Like Option Than Investment, Says Analyst; Sterne Agee CRT Starts at Neutral

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Go back to UPDATE: BlackBerry (BBRY) Looks More Like Option Than Investment, Says Analyst; Sterne Agee CRT Starts at Neutral

Imperial Capital Cuts Price Target on BlackBerry (BBRY) Following 2Q16 Earnings Results

September 29, 2015 8:10 AM EDT

Imperial Capital reiterated an In-Line rating on BlackBerry (NASDAQ: BBRY), and cut the price target to $7.00 (from $9.50), following the company's 2Q16 earnings results. BBRY reported revenue of $490mn and adjusted net loss of $0.13 per share, below
Street estimates of $605mn and $0.09, respectively.

Analyst Michael Kim commented, "We are... More