BlackBerry Ltd BBRY shares are trading higher by $0.09 at $6.93 in Monday's session. At least one Wall Street analyst has a bullish take on the company.
Trip Chowdhry of Global Equities Research said the catalyst will be the role the company plays in President Donald Trump's proposed $1 trillion infrastructure initiative. He added the company "can be the intelligent infrastructure system provider for the new collar industry, which we think could be 10% of a $200B infrastructure spend or $20B."
At this time, BlackBerry's has found support in a fairly narrow range over the last 11 sessions (including today's session from $6.65 to $6.99). However, today's rally has found resistance at the $7.00 area as $7.01 stands as the high for the day.
Blackberry hasn't closed above $7.00 since February 27, when it ended that session at $7.10.
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