Credit Suisse Sees Near-Term Support in BlackBerry Shares, Highlights Problems Possible Suitors Will Face

Shares of BlackBerry

are trading sharply higher once again, now up more than 11 percent to around $12. The stock surged 10.5 percent higher on Monday following news from the company it is taking a look at

. BlackBerry shares have now rallied more than 37 percent from a recent closing low of $8.67 three Mondays ago. The bounce in price comes amid what appears to be some

over the course of Monday. Jumping aboard the wagon Tuesday was Credit Suisse's Kulbinder Garcha. While the analyst said he is expecting some near-term support for the stock price, he pointed out "the company has been exploring all alternatives for some time following last year's announcement of a strategic review of its business." Garcha believes "there are few potential suitors given the challenge of turning around the company as fundamentals deteriorate." Garcha named Amazon

, Facebook

, Microsoft

and Hauwai as possible suitors, along with private-equity parties, but said "each have cause for concern." The Credit Suisse analyst said he remains "skeptical of BB10 traction as the devices are aimed at the high-end of the market (over $400), limiting the opportunity with strong entrenched competitors. Additionally, BB10 GMs below 25% make sustainable profitability difficult, especially given the company's push towards lower price points and levels of discounting." Garcha also highlighted visibility within the Services segment as "rapidly deteriorating."