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Fly News Breaks for May 29, 2017
QCOM, BBRY
May 29, 2017 | 09:37 EDT
Raymond James analyst Steven Li downgraded BlackBerry (BBRY) to Market Perform while raising his price target for the shares to $11 from $9.50. The mobile communications solutions provider closed Friday down 11c to $11.11. The shares are up 42% since the analyst's upgrade to Outperform on August 12, 2016. The final award payment of $940M by Qualcomm (QCOM) boosts an "already strong balance sheet" and may be used for acquisitions, Li tells investors in a research not titled "Tapping the Brakes after Strong Run."
News For BBRY;QCOM From the Last 2 Days
