Morgan Stanley Downgrades BlackBerry To Underweight

Analysts at Morgan Stanley downgraded BlackBerry

from Equal-weight to Underweight. The price target for BlackBerry is set to $7. BlackBerry shares have gained 76.97% over the past 52 weeks, while the S&P 500 index has surged 15.18% in the same period. BlackBerry's shares dropped 5.39% to $10.18 in pre-market trading.