BlackBerry's (BBRY) Keyboard Dominance May Come Under Fire in 2014

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BlackBerry (BBRY) Price Target Raised to $8-$9 at Wells Fargo

January 9, 2014 11:23 AM EST

Wells Fargo maintained a Market Perform rating on BlackBerry (NASDAQ: BBRY) and raised its price target to $8-$9 from $6.50-$7. Comments follow news of additional investment from Fairfax. Analyst Maynard Um noted improvements regarding the company's cash position.

"With cash burn improvement expected this quarter relative to the November quarter and the... More