BlackBerry (BBRY) Posts Narrower Than Expected Q1 Loss
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June 23, 2014 7:52 AM EDT
Evercore Partners upgraded BlackBerry (NASDAQ: BBRY) from Underweight to Equal Weight with a price target of $10.00 (from $6.00).
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 $9.81 yesterday.
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June 20, 2014 8:57 AM EDT
Nomura Securities analyst Stuart Jeffrey reiterated a Neutral rating on BlackBerry (NASDAQ: BBRY) and bumped his price target price target of $10.00 (from $9.00) following 'good' Q1 although the recovery is still far away.
"Blackberry is showing some signs of stability, as it delivered... More
June 19, 2014 3:33 PM EDT
Deutsche Bank maintained a Hold rating on BlackBerry (NASDAQ: BBRY) and raised its price target to $8.00 (from $6.00). Analyst Brian Modoff noted Q1 improvement but he doesn't think the company is out of the woods yet.
"This quarter a number of improvements were evident traction with the EZ Pass program (the proof of this will be 1/31/15 when free moves to pay-forsupport), improved margins, a successful device launch in Indonesia... More
June 19, 2014 3:29 PM EDT
TD Securities maintained a Hold rating on BlackBerry (NASDAQ: BBRY) with a price target of $10.50. Comments follow Q1 results. Analyst Scott Penner thinks BlackBerry is at the tail end of its restructuring program.
"Operating expenses (R&D + SG&A) were down 10% Q/Q following the 30% decline last quarter. Combined with slightly better services revenue, this drove the EPS upside vs. expectations. We model a residual 5% step... More
