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Monday, Feb 4
BlackBerry (BBRY +5.4%) rebounds some from last week's huge decline thanks to an upgrade to...
BlackBerry (BBRY +5.4%) rebounds some from last week's huge decline thanks to an upgrade to Outperform from Bernstein's Pierre Ferragu. He's optimistic about BB10, believing telco support is strong and corporate demand will be healthy, and notes channel inventories are low going in. Ferragu expects 4M BB10 shipments through May with a ~$550 ASP and 30% gross margin. Notable Calls observes Ferragu has been bearish since 2010. Also: Jefferies says its checks indicate good early demand for the Z10 in the U.K., Canada, and the UAE.