BlackBerry Shares Surge on First Day of New Ticker

Shares of BlackBerry 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.