RBC Capital raised the firm’s price target on BlackBerry (BB) to $4 from $3.25 and keeps a Sector Perform rating on the shares after meeting with its management team at CES. Following the sale of Cylance, the firm believes that investor sentiment in BlackBerry’s shares may rise, given QNX’s improving fundamentals, higher investor visibility to QNX, and a potential divestiture of BlackBerry’s Secure Communications unit, the analyst tells investors in a research note.
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