BlackBerry price target raised to $4.75 from $3 at Canaccord

Canaccord analyst Kingsley Crane raised the firm’s price target on BlackBerry (BB) to $4.75 from $3 and keeps a Hold rating on the shares. The firm attributes the recent stock momentum to growing investor confidence in the company’s strategic direction and execution ability following a strong Q3, which saw double-digit sequential growth in both divisions, along with a return to positive operating and cash flow.