Baird lowered the firm’s price target on BlackBerry to $3.50 from $4.50 and keeps a Neutral rating on the shares. The firm said they provided a multi-faceted strategic update, with new CEO John Giamatteo squarely focused on driving the company towards profitability/positive cash flow.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BB:
- BlackBerry (NYSE:BB) Trims Costs, Eyes Profitability
- BlackBerry backs Q4 total revenue view of $150M-$159M, consensus $153.9M
- BlackBerry updates on progress to separate IoT and Cybersecurity
- BlackBerry Board Changes Signal Potential Strategic Shift
- BlackBerry Board Shuffles: Watsa Resigns, Brace Appointed