BlackBerry (BB) Upgraded to “Strong-Buy” at Zacks Investment Research
Summary
According to Zacks, “BlackBerry reported healthy financial results for second-quarter fiscal 2019 driven by growth in Technology Solutions and Enterprise Software and Services businesses.With a holistic growth model, focusing both on organic and inorganic investments, the company aims to extend its market leadership in the enterprise mobility segment.Raymond James raised their price target on shares of BlackBerry from $11.00 to $11.50 and gave the company a market perform rating in a report on Monday.Canaccord Genuity lowered their price target on shares of BlackBerry from $11.00 to $10.50 and set a hold rating for the company in a report on Monday, June 25th.Finally, MKM Partners lowered their price target on shares of BlackBerry from $13.50 to $12.00 and set a neutral rating for the company in a report on Monday, June 25th.
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