BlackBerry's (BBRY) Heins Won't Fare Too Bad Upon Termination
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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
Deutsche Bank Raised BlackBerry (BBRY) to Hold; Chen Described as 'Suitable'
November 5, 2013 8:06 AM ESTDeutsche Bank upgraded BlackBerry (NASDAQ: BBRY) from Sell to Hold with a price target of $6.00 (unchanged0. Analyst Brian Modoff described BlackBerry's new CEO John Chen as "suitable" but he believes significant challenges remain.
"While we continue to believe that Blackberry has significant challenges ahead of it, we think the $1 billion... 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
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
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) 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
