BlackBerry price target raised to $6.00 from $5.50 at Baird

Baird raised the firm’s price target on BlackBerry to $6.00 from $5.50 and keeps a Neutral rating on the shares. The firm noted that having initiated a strategic portfolio review in early May, new reporting from Bloomberg and Reuters late last week indicates that Veritas Capital was either considering or has already made an offer for the company. Baird sees that as an obvious catalyst and raised their target with caution as the shares ave already rallied on the reports.