Deutsche cautious on BlackBerry's long-term outlook

theflyonthewall.com

Deutsche Bank believes BlackBerry's Q1 results on Friday could be better than consensus estimates, but it remains cautious on the phone maker's longer term outlook. The firm said its channel checks into the BB10 phone launch have been largely mixed, if not slightly worse than expected. Deutsche said its checks in Europe have been negative, and it notes that the company's Managing Director for the UK abruptly left the company this week. The firm maintains a Hold rating on BlackBerry with an $8 price target.

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