BUZZ-BlackBerry Ltd: TD Securities raises to "buy"

Mon Dec 22, 2014 10:49am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Canadian smartphone maker's U.S.-listed shares up 2.9 pct at $10.28; Toronto-listed shares up 3.7 pct at C$11.98

** Raymond James raise target price on U.S. shares to $11 from $10.50; TD Securities raises rating on company to "buy" from "hold"

** TD Securities is second brokerage to upgrade stock to "buy" in last 30 days, according to Thomson Reuters data

** Of the 37 analysts covering the stock, three have a "buy" or a "strong buy" rating, 22 rate it hold, while 13 have a "sell" or a "strong sell" recommendation

** Analysts at TD securities say upside in average selling price and margins and lower costs to help company in 2016

** Up to Friday's close, stock had fallen 34 pct this year