Blackberry (BBRY) Sinks 5% on Morgan Stanely (MS) Downgrade

Shares of BlackBerry Limited (BBRY) are down 5% to $10.26 in pre-market trade after Morgan Stanely (MS) downgraded its rating to ‘Underweight’ from ‘Equal-Weight’, citing valuation concerns. In a research note to investors this morning, the firm said it believes the market has largely valued the smartphone maker based on assumption. [via Benzinga] We believe […] View the full post at: Blackberry (BBRY) Sinks 5% on Morgan Stanely (MS) Downgrade Related posts: Rethinking California’s Revenue Structure Netflix To Provide Films To Microsoft’s Xbox 360 Asset Allocation: Thinking About Risk Premiums