BlackBerry price target raised to $5 from $4 at TD Securities

TD Securities analyst Daniel Chan raised the firm’s price target on BlackBerry to $5 from $4 and keeps a Hold rating on the shares following the fiscal Q1 results. Despite the miss excluding the patent transaction, the share price will continue to be supported by the possibility of BlackBerry’s strategic review increasing shareholder value, the analyst tells investors in a research note. The company noted the board is very active with the strategic review and believes it could be completed by the end of summer, says the firm.