Could BlackBerry Ltd. Fall to US$7.00 per Share?: BlackBerry Ltd. (TSX:BB)(Nasdaq:BBRY)

Back in November, shares of BlackBerry Ltd. (TSX:BB)(Nasdaq:BBRY) took a big hit when Morgan Stanley analyst James Faucette cut his rating on the stock to “underweight”. In his report, he also cut the price target to US$7 per share.
And now, Mr. Faucette has come out with another negative report. What is he saying this time? And how should you react?
Survey results not encouraging
In a recent survey conducted by Mr. Faucette, he found that only 15% of chief information officers in the U.S. and Europe were willing to evaluate BlackBerry’s offering. This number is down from 22% last June. In his report, Mr. Faucette also wrote that BlackBerry was near the top in the “No plans to evaluate category.” (more)

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