Recent

% | $
Quotes you view appear here for quick access.

BlackBerry Limited Message Board

  • elmaestro11 elmaestro11 Feb 7, 2013 8:19 AM Flag

    Wells Fargo Upgrades Research In Motion Ltd. (BBRY) to Outperform as New Analyst Takes Over

    Wells Fargo upgraded Research In Motion Ltd. (NASDAQ: BBRY) from Market Perform to Outperform and raised its valuation range from $11-$13 to $19-$20, in transferred coverage to analyst Maynard Um.

    "Our Outperform rating is predicated on the view that gross margin will improve as the mix of BB10 devices ramps and the existing BB7 portfolio (negative gross margin) declines," Um comments. "We note that BlackBerry shares have generally trended in the direction of gross margin. We believe enterprise service revenue (52% of BlackBerry’s service revenue) will not be impacted materially until FY2015 given the timing of the release of the BES 10 service pack and we have already modeled the potential impact to consumer service revenue."

    Sentiment: Strong Buy

 
BBRY
8.00-0.02(-0.25%)Aug 23 4:00 PMEDT