BlackBerry Shares Surge on First Day of New Ticker
Shares of BlackBerry (NASDAQ: BBRY), the company formerly known as Research in Motion, surged on Monday, the first day the company traded under its new ticker.
Bernstein Research upgraded shares to Outperform with a $22 price target. Analysts at Bernstein believe the company will enjoy a strong launch of its BlackBerry 10 devices, which will go on sale in the U.S. in March.
Shares of BlackBerry gained more than 14 percent.
Latest Ratings for BBRY
|Jun 2016||Imperial Capital||Maintains||In-line||In-line|
|May 2016||Macquarie||Initiates Coverage on||Underperform|
|Apr 2016||Imperial Capital||Maintains||In-line|
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