Baird raised the firm’s price target on BlackBerry (BB) to $3.50 from $3 and keeps a Neutral rating on the shares following the Q3 beat. The firm is “incrementally positive” on the business overall citing the pending Cylance investment, saying Internet of Thing’s positive outlook “should better shine through and underlying Secure Communications trends are stable/profitable.”
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>>
Read More on BB:
- BlackBerry price target raised to $3 from $2.80 at Canaccord
- BlackBerry upgraded to Buy at TD Securities on improved cashflow expectations
- BlackBerry upgraded to Buy from Hold at TD Securities
- BlackBerry Exceeds Revenue Guidance, Enhances Profitability
- Closing Bell Movers: Nike flat as guidance undermines earnings beat