TD Securities upgraded BlackBerry (NASDAQ: BBRY) from Hold TD Securities upgraded BlackBerry
(NASDAQ: BBRY) from Hold to Buy with a
price target of $13.00.
Analyst Scott Penner said, "We continue to believe that the primary value of the device business is to sustain and refresh the installed base . . . Our sum-of-the-parts valuation considers net cash ($3.52 per share), the legacy services revenue value ($1.15) and the potential value of the emerging software businesses (which we lump together and value at 4–6x Q4/16E run-rate revenue of about $800mm) at about $6–$10 per share."
For an analyst ratings summary and ratings history on BlackBerryclick here. For more ratings news on BlackBerry click here.
Shares of BlackBerry closed at $9.99 yesterday.
https://www.streetinsider.com/Analyst+Comments/TD+Securities+Upgrades+BlackBerry+%28BBRY%29+to+Buy/10116268.html