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Fly News Breaks for December 21, 2018
BB
Dec 21, 2018 | 07:24 EDT
Canaccord analyst T. Michael Walkley lowered his price target on BlackBerry to $9 from $11 following Q3 results that beat expectations. The analyst introduced estimates for 2021 and added the company's acquisition of Cylance to his model while awaiting for company guidance about potential synergy opportunities once the transaction closes. The analyst noted its continued ESS and BTS strength and the company's reaffirmed guidance for 2019. Walkley maintained his Hold rating on BlackBerry shares.
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