UPDATE: Citigroup Upgrades BlackBerry as Long-Term Thesis Has Played Out
October 03, 2013 at 10:16 AM EDT
In a report published Thursday, Citigroup analyst Jim Suva upgraded the rating on BlackBerry Ltd. (NASDAQ: BBRY ) from Sell to Neutral, and raised the price target from $7.00 to $9.00. In the report, Citigroup noted, “We are upgrading BBRY from Sell to Neutral. Our Long term thesis of market