Market Overview

Raymond James Reiterates Market Perform Rating on BlackBerry Following 10-Q Filing

Share:
Related BBRY
Jim Cramer Shares His Thoughts On VeriFone Systems And BlackBerry
CNBC's Stock Pops & Drops From January 22
Rogers Communications Lags Q4 Earnings, Revenues Up - Analyst Blog (Zacks)

In a report published Wednesday, Raymond James analyst Steven Li reiterated a Market Perform rating on BlackBerry Ltd. (NASDAQ: BBRY).

In the report, Raymond James noted, “Last night BBRY filed their 10-Q to provide more details on its F2Q14. The Fairfax consortium has offered an LOI to take BBRY private at $9/share. Shareholders no doubt are disappointed with the lack of a price premium. However, BBRY is quickly running out of options especially following the disastrous F2Q14 results. We note the Board (who has significantly more information than we do about the state of affairs at BBRY) has approved the $9 offer. Fairfax is expected to complete its due diligence by November 4. We are not expecting a higher offer and maintain our Market Perform rating.”

BlackBerry Ltd. closed on Tuesday at $7.92.

Latest Ratings for BBRY

DateFirmActionFromTo
Dec 2014JP MorganMaintainsNeutral
Dec 2014NomuraMaintainsNeutral
Dec 2014BGC PartnersUpgradesHoldBuy

View More Analyst Ratings for BBRY
View the Latest Analyst Ratings

Posted-In: Raymond James Steven LiAnalyst Color Reiteration Analyst Ratings

 

Related Articles (BBRY)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional