Credit Suisse Downgrades BlackBerry (BBRY) to Underperform
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BlackBerry (BBRY) Target Lifted at Canaccord Genuity on Updated SOTP
March 31, 2014 8:50 AM EDTCanaccord Genuity analyst T. Michael Walkley boosted his price target on BlackBerry (NASDAQ: BBRY) from $6 to $8 following Q4 results based on a sum-of-parts analysis.
Walkley notes February quarter results were soft. However, a better services versus hardware revenue mix and significantly lower... More
BlackBerry (BBRY) PT Cut to $8.80 at Goldman Sachs
March 31, 2014 8:33 AM EDTGoldman Sachs maintained a Neutral rating on BlackBerry (NASDAQ: BBRY) and trimmed its price target to $8.80 (from $9.50). Analyst Simona Jankowski called the company's Q4 "mixed."
"BlackBerry beat consensus EPS estimates by a wide margin on aggressive cost cutting, with gross margin of 43% well ahead of consensus at 35% (GS at 40%), and opex of $577mn... More
BlackBerry (BBRY) Target Price Lifted at Nomura Securities
March 31, 2014 8:01 AM EDTNomura Securities analyst Stuart Jeffrey reiterated a Neutral rating on BlackBerry (NASDAQ: BBRY) and raised his price target from $7 to $9.
Jeffrey comments, "There are signs of hope that new managements turnaround can succeed but, meaningful challenges remain. Device gross margins are... More
Needham & Company Upgrades BlackBerry (BBRY) to Hold
March 31, 2014 7:08 AM EDTNeedham & Company upgraded BlackBerry (NASDAQ: BBRY) from Underperform to Hold.
Analyst Charlie Wolf upgrade the stock for two reasons: "First, John Chen, the new CEO, seems to have brought adult supervision to the company. Second, we see potential for a meaningful... More
