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Rating Summary:
10 Buy, 26 Hold, 21 Sell
Rating Trend: = Flat
Today’s Overall Ratings:
According to Jefferies analyst Peter Misek, a takeover of BlackBerry (NASDAQ: BBRY) by Lenovo is unlikely due to regulatory concerns. A Blackberry / Lenovo joint venture is a more likely scenario, in the view of the analyst. The comments follow news that Lenovo CEO Yang Yuanqing said an acquisition of Blackberry makes sense.
Misek also said checks showed Blackberry’s Z10 device is selling well.
Jefferies has a Buy rating on BlackBerry (NASDAQ: BBRY) with a price target of $19.50.
For an analyst ratings summary and ratings history on BlackBerry click here. For more ratings news on BlackBerry click here.
Shares of BlackBerry closed at $13.06 yesterday, with a 52 week range of $12.55-$17.22.
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