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Fly News Breaks for December 6, 2016
BBRY
Dec 6, 2016 | 08:14 EDT
Credit Suisse analyst Kulbinder Garcha sees BlackBerry's service access fee going to zero and its hardware revenues going to zero long-term, leaving the company with only a software business. Even with "generous assumptions" for the software business, Blackberry has material downside, warns Garcha, who believes that BlackBerry's software portfolio is "average, at best." The analyst maintains an Underperform rating and $6 price target on Blackberry shares.
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