Blackberry (BBRY) is downgraded to Hold by Bernstein's Pierre Ferragu, who lowers his price...

|By:, SA News Editor

Blackberry (BBRY) is downgraded to Hold by Bernstein's Pierre Ferragu, who lowers his price target to $15 from $22. "We dislike the risk/reward of our BB10 trade," he writes. "With Blackberry Live behind us, we see few additional positive catalysts coming through in the next 6 months." Shares -2.3% premarket.