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jimmybob

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jimmybob

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Tuesday, 07/29/2014 9:00:16 AM

Tuesday, July 29, 2014 9:00:16 AM

Post# of 16268
BlackBerry estimates raised after management meeting at Wells Fargo
Wells Fargo raised its estimates for BlackBerry to reflect higher hardware selling prices after meeting with management. The firm raised its FY15 estimate to (58c) from (88c) and FY16 estimate to (27c) from (82c). Wells also upped its price target range for shares to $9.50-$10.50 from $8.50-$9.50 while keeping a Market Perform rating on the stock. It adds that based on its talks with management, BlackBerry has several levers to drive cash flow

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