BlackBerry price target raised to $3.25 from $2.75 at TD Securities

TD Securities raised the firm’s price target on BlackBerry (BB) to $3.25 from $2.75 and keeps a Hold rating on the shares. The firm believes the divestment of Cylance will significantly improve BlackBerry’s margins, cash flow, and remove an overhang on the company’s performance. While “this could be an interesting name for investors,” BlackBerry faces automotive macro headwinds and a lack of near-term events to catalyze value expansion, the analyst tells investors in a research note.