In a report published Thursday, Morgan Stanley analyst James E. Faucette reiterated an Equal-Weight rating on BlackBerry Ltd BBRY.
In the report, Morgan Stanley noted, “At the Passport launch, an affable CEO John Chen made the case that the Passport (a device we judge to be destined for a niche in a niche) is just the first small step toward leaving restructuring behind; we remain circumspect.”
BlackBerry Ltd closed on Wednesday at $10.51.
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