BlackBerry price target raised to $3.50 from $3 at Baird

Baird raised the firm’s price target on BlackBerry (BB) to $3.50 from $3 and keeps a Neutral rating on the shares following the Q3 beat. The firm is “incrementally positive” on the business overall citing the pending Cylance investment, saying Internet of Thing’s positive outlook “should better shine through and underlying Secure Communications trends are stable/profitable.”