BlackBerry (BBRY) Up Ahead of Fairfax Q3 Conference Call

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BlackBerry (BBRY) Target Price Lowered at FBR on Deal Uncertainty

November 1, 2013 7:19 AM EDT

FBR Capital analyst Scott Thompson lowered his price target on Underperform-rated BlackBerry (NASDAQ: BBRY) from $8 to $6.50, saying as the clock ticks down, they believe a deal is less likely.

Thompson said, "Fairfax Financial's deadline for completing due diligence on the $4.7B LOI acquisition of BlackBerry (BBRY) will be reached Monday, November 4. Since the announcement on September 23, investors have received little... More