BlackBerry (BBRY) Trade-In Program Boosts Z10 Sales 40% in India
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BlackBerry (BBRY) Numbers Cut Again at Jefferies; Potential LBO Keeps 'Buy' Intact
August 19, 2013 7:03 AM EDTJefferies analyst Peter Misek cut estimates and his price target on BlackBerry (NASDAQ: BBRY) Monday from $18 to $15 after build plans were cut again.
Build plans cut a month ago from 2M+/month to 1M have been cut by at least another 10%, according to the firm's checks.
Misek sees significant risk to consensus the next couple quarters and cut estimates further below the Street. That said, the 'Buy' rating is being maintained as the market will largely look through it due to the potential for an LBO/acquisition.
The... More
