Jefferies Reiterates Buy Rating, $19.50 PT on BlackBerry Following Z10 Launch

In a report published Monday, Jefferies analyst Peter Misek reiterated a Buy rating and $19.50 price target on BlackBerry

. In the report, Misek noted, “We checked with 30+ stores following the Z10's launch on 3/22. We think demand is slightly better than our very modest expectations. Our checks also indicate that AT&T Business is seeing significant interest and could account for a meaningful portion of demand. We continue to see large upside to consensus May and Aug Q estimates and that BBRY's MDM opportunity is underappreciated.” BlackBerry closed on Friday at $14.91.