Analyst Insists BlackBerry is Not a Good PE Target

MKM Partners' Michael Genovese is following suit with seemingly a large portion of the Street's sell-side analysts Tuesday, suggesting BlackBerry BBRY is not a good private-equity candidate. The analyst noted several concerning fundamental bullet points including Handsets which will likely continue to lose money amid declining volumes and component orders and an expected continuing decline in service sales given the BlackBerry 10 transition. Despite the sell-sides pessimism for a deal, shares of BlackBerry continue to move higher Tuesday afternoon. The stock last traded at $11.88, up more than 10 percent for the session.