Morgan Stanley Sees Breathing Room for BlackBerry Ltd.

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In a report published Friday, Morgan Stanley analyst James E. Faucette reiterated an Equal-Weight rating on
BlackBerry Ltd.BBRY
. In the report, Morgan Stanley noted, “BlackBerry reported an efficient Q1, reflecting progress on balance sheet buffering and execution of CORE initiatives. Turnaround is still dependent on market acceptance of key releases in the second half of the year, but Q1 performance allows them some breathing room to focus on execution.” BlackBerry Ltd. closed on Thursday at $9.09.
Posted In: Analyst ColorReiterationAnalyst RatingsJames E. FaucetteMorgan Stanley
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