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Fly News Breaks for December 21, 2018
BB
Dec 21, 2018 | 08:08 EDT
RBC Capital analyst Paul Treiber trimmed his price target on BlackBerry shares to $10 from $11 following the company's Q3 report, citing the pullback in cybersecurity valuations. The Nokia IP settlement lifted its Q3 results and its Software outlook is unchanged, noted Treiber, who believes investors' focus will now shift to BlackBerry's pending acquisition of Cylance. He maintains a Sector Perform rating on BlackBerry.
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