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Post# of 372557
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xtremezz

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xtremezz

Re: xtremezz post# 162702

Wednesday, 03/20/2013 6:54:09 AM

Wednesday, March 20, 2013 6:54:09 AM

Post# of 372557
BBRY upgraded to Overweight from Underweight at Morgan Stanley

Morgan Stanley upgraded BlackBerry two notches to Overweight from Underweight based on expanding gross margin and ASP expectations driven by the mix-shift to BB10 devices from BB6 and BB7 devices. The firm now believes there may be room for niche mid-range companies in the handset market and notes LG and Samsung may be seeking alternate OS strategies. Price target raised to $22 from $10.

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