Market Overview

UPDATE: Morgan Stanley Upgrades BlackBerry to Overweight; Mix Shift to BB10 to Boost Margins, ASP

Share:
Related BBRY
Watch These 7 Huge Call Purchases In Monday Trade
Apple's Smartphone Market Share Shows iPhone Sales Have Room To Run
BlackBerry: The Turnaround That Never Ends (Seeking Alpha)

Morgan Stanley upgraded BlackBerry (NASDAQ: BBRY) from Underweight to Overweight and raised the price target from $10.00 to $22.00.

Morgan Stanley analyst Ehud Gelblum commented, "We are upgrading BBRY to OW from UW on the thesis that the mix-shift of devices away from BB6/7 and to BB10 expands GM and ASP, even after assuming a lower service attach rate on BB10 and very unheroic assumptions on numbers. Raising ests above the Street and PT to $22 from $10."

BlackBerry closed at $15.03 on Tuesday.

Latest Ratings for BBRY

DateFirmActionFromTo
Aug 2016JP MorganMaintainsNeutral
Aug 2016Raymond JamesUpgradesMarket PerformOutperform
Jun 2016Imperial CapitalMaintainsIn-lineIn-line

View More Analyst Ratings for BBRY
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

Related Articles (BBRY)

View Comments and Join the Discussion!