Big bull Peter Misek throws in the towel, removing his Buy rating and cutting the price target to $8 from $15. While there is "substantial value" for BlackBerry's MDM business, the handset operation has negative value (vs. his prior estimate of $0).
RBC cuts to Sell.
Its price target hit and then some, Credit Suisse removes its sell rating on the stock, upping to Hold.
Nomura: "This might just be the worst miss that we have seen in 17 years of covering tech stocks."
Previous: Mike Lazaridis may have interest in a bid for the company.
BBRY -6.4% premarket.