RBC Capital Maintains Sector Perform on BlackBerry, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Paul Treiber has maintained a 'Sector Perform' rating on BlackBerry (NYSE:BB) but has reduced the price target from $4.5 to $4.

December 21, 2023 | 2:50 pm
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NEGATIVE IMPACT
BlackBerry's stock may face downward pressure in the short term due to RBC Capital's lowered price target from $4.5 to $4, despite maintaining a 'Sector Perform' rating.
A lowered price target by a major analyst like RBC Capital can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The maintenance of a 'Sector Perform' rating somewhat mitigates the impact, as it does not suggest a fundamental change in the company's outlook.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90