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Stock Market & Financial Investment News

News Breaks
February 7, 2013
10:08 EDTBBRYBlackBerry advances after Wells Fargo ups to Outperform
Smartphone maker BlackBerry (BBRY) is climbing after Wells Fargo analyst Maynard Um upgraded the stock to Outperform from Market Perform in a note to investors earlier today. BlackBerry's gross margins should increase as it sells more devices that utilize its new BB10 operating system, the analyst believes. The stock's risk/reward ratio is positive at this time, as the shares already anticipate that BB10 will meet "some level of failure," Um wrote. Also upbeat on BlackBerry was Jefferies analyst Peter Misek. Most companies that have tested BlackBerry's new operating system for enterprises, BES 10, "seem truly impressed" by the product, wrote Misek after speaking with several of these companies. Moreover, he estimates that 20% of Fortune 500 companies are testing BES 10. Misek reported that half of the stores he contacted in Canada had sold out of BlackBerry's new Z10 smartphone. Larger stores received 30-100 of the devices, he added. Misek maintained a $19.50 price target and Buy rating on the shares. Meanwhile, BlackBerry announced that Richard Lynch, a former Verizon (VZ) Executive Vice President and Bert Nordberg, a former CEO of Sony Ericsson Mobile Communications, would join its board of directors. In mid-morning trading, BlackBerry climbed 50c, or 3%, to $16.55.
News For BBRY From The Last 14 Days
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July 28, 2015
10:00 EDTBBRYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aegerion (AEGR) upgraded to Buy from Hold at Jefferies... Ameren (AEE) upgraded to Neutral from Sell at Goldman... AutoNation (AN) upgraded to Buy from Neutral at Sterne Agee CRT... Beacon Roofing (BECN) upgraded to Outperform at Baird... BlackBerry (BBRY) upgraded to Equal Weight from Underweight at Morgan Stanley... Bojangles (BOJA) upgraded to Buy from Neutral at SunTrust... Boyd Gaming (BYD) upgraded to Neutral from Underperform at BofA/Merrill... Columbus McKinnon (CMCO) upgraded to Buy from Neutral at Sidoti... Danaher (DHR) upgraded to Overweight from Equal Weight at Morgan Stanley... Emerald Oil (EOX) upgraded to Hold from Sell at Wunderlich... Haemonetics (HAE) upgraded Outperform from Market Perform at Barrington... Jefferies sees entry point for Aegerion (AEGR), upgrades to Buy... Philips (PHG) upgraded to Buy from Hold at Societe Generale... Plum Creek Timber (PCL) upgraded to Buy from Neutral at DA Davidson... Raytheon (RTN) upgraded to Buy from Neutral at BofA/Merrill... SandRidge Energy (SD) upgraded to Hold from Sell at Wunderlich... Telecom Argentina (TEO) upgraded to Outperform from Market Perform at Raymond James... Teva (TEVA) upgraded to Outperform from Market Perform at BMO Capital... Triumph Bancorp (TBK) upgraded to Buy from Hold at Evercore ISI... Waste Management (WM) upgraded on valuation, rebounding businesses at Argus... Wisconsin Energy (WEC) upgraded to Buy from Neutral at Goldman.
08:29 EDTBBRYBlackBerry upgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley upgraded BlackBerry to Equal Weight from Underweight and maintained its $7 price target. The firm said the upgrade is not due to improving fundamentals but flexibility with cash and opex opportunities. Morgan Stanely said BlackBerry's cash balance is worth $3.50-$3.75 per share and has a significant opportunity to add that cash through headcount reductions or other reallocation of resources.
06:11 EDTBBRYBlackBerry upgraded to Equal Weight from Underweight at Morgan Stanley
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July 26, 2015
18:37 EDTBBRYPakistan orders halt to BlackBerry Enterprise Services within country, WSJ says
Pakistan has ordered mobile service providers within the country to shut down BlackBerry Enterprise Services due to security concerns, the Wall Street Journal reported Saturday. A senior government official told the Journal that remaining BlackBerry services such as messenger will be unaffected. Reference Link
July 24, 2015
11:02 EDTBBRYBlackBerry CEO says prepared to move past smartphones, Bloomberg says
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July 22, 2015
08:01 EDTBBRYBlackBerry agrees to acquire AtHoc, terms not disclosed
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July 21, 2015
17:50 EDTBBRYBlackBerry reports additional job cuts, CBC says
BlackBerry has disclosed an additional round of job cuts, the Canadian Broadcasting Corporation reported earlier, citing company statements. The company did not reveal how many employees were laid off, but noted that some were shifted to other positions within BlackBerry. Reference Link

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