BUZZ-BlackBerry Ltd: Citron Research raises price target

Fri Jun 20, 2014 12:19pm EDT
 
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** Canadian smartphone maker's U.S.-listed shares up 5.9 percent at $9.63

** Investment newsletter Citron Research, typically known as a short-seller, raises price target to $20 from $15

** Citron says it is excited about new BlackBerry CEO John Chen and the future of the company's enterprise software business

** Shares surged Thursday after BlackBerry reported better-than-expected results