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Fly News Breaks for August 11, 2017
BBRY
Aug 11, 2017 | 07:42 EDT
Canaccord analyst T. Michael Walkley said Blackberry management gave an upbeat presentation at the firm's conference and explained how the company has completed its transformation into an enterprise software and services company. The analyst noted the company's strong balance sheet, including its cash balance, lead him to believe they have the capital to invest for growth by both hiring and through acquisition. Walkley maintained his Hold rating and $10 price target on Blackberry shares.
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