October 1, 2018 / 2:33 PM / in 14 days

BUZZ-BlackBerry: Rises on CIBC and Deutsche Bank PT raise

** Canadian software co’s U.S.-listed shares up 1.4 pct at $11.54; Toronto-listed shares up 1.4 pct at C$14.78

** CIBC raises PT by $1 to $14 on Q2 beat helped by higher demand for its QNX software; Deutsche Bank also ups PT by $1 to $10

** CIBC believes due to co’s Q2 results and “improved visibility”, it will achieve forecasted fiscal 2019 double-digit revenue growth

** Long term growth from partnerships with Nvidia Corp and China’s Baidu are still at least a couple of years away - CIBC

** Out of 15 brokerages, 5 rate co’s U.S.-listed stock “buy” or higher, 8 “hold” and 2 “sell”; their median PT $11.25

** Up to Friday’s close, had risen 3.3 pct YTD while had risen ~5 pct YTD (Reporting by Shanti S Nair in Bengaluru)

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