Two More Executives Depart BlackBerry (BBRY) Amid Company Shakeup
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BlackBerry (BBRY) Estimates Trimmed at Jefferies after Latest Survey
December 16, 2013 8:59 AM ESTJefferies analyst Peter Misek lowered estimates on BlackBerry (NASDAQ: BBRY) following the latest quarterly smartphone survey. The firm maintained a Hold rating and price target of $6.00.
"We believe Blackberry is largely exiting from the consumer space and is using existing on-hand and channel... More
UPDATE: Bernstein Upgrades BlackBerry (BBRY) to Market Perform; Assets Worth $6-$13B
December 16, 2013 7:34 AM EST(Updated - December 16, 2013 8:26 AM EST)
Bernstein upgraded BlackBerry (NASDAQ: BBRY) from Underperform to Market Perform with a price target of $5.50. Analyst Pierre Ferragu remains cautious but he thinks downside is limited.
"As we expected, Fairfax's attempt to take out Blackberry has failed, driving the stock to all time lows. We believe the near term will be very challenging, and we model almost 800m burnt in this quarter... More
