BlackBerry rallies following Jefferies PT hike

|About: BlackBerry Ltd. (BBRY)|By:, SA News Editor

Jefferies' Peter Misek has upped his BlackBerry (BBRY +1.9%) PT to $9 from $6, while reiterating a Hold.

Misek, who downgraded shares in September following BlackBerry's big FQ2 warning, says "an in-depth scenario analysis" of six parts of BlackBerry's business yields a base case valuation of $8/share, a bear case of $2/share, and a bull case of $16/share. His new PT represents the probability-weighted average of the three estimates.