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BlackBerry whacked with downgrades after dismal earnings

You get the feeling that it’s going to be a rough week for BlackBerry. Barron’s points out the company get hit with three separate downgrades from analysts on Monday in the wake of its hugely disappointing earnings report last week. The most bearish analyst flagged by Barron’s is Deutsche Bank’s Brian Modoff, who cut BlackBerry’s price target to $6 and who says the company’s hardware business has actually become its biggest weakness. Instead of making smartphones, Modoff thinks BlackBerry should instead focus on its BlackBerry Enterprise Service 10 platform that he says is the company’s most valuable remaining asset. “Unfortunately, we

Quoted from BlackBerry whacked with downgrades after dismal earnings on Gadgets News Headlines – Yahoo! News

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