A positive note from Wells Fargo helps BlackBerry (BBRY +4.2%) outperform after closing down slightly in the wake of Friday's FQ4 report. Wells thinks BlackBerry can post FQ1 EPS of $0.07, above guidance of breakeven, on the back of 3.5M BB10 shipments and a 24% hardware gross margin. FBR, meanwhile, is maintaining an Underperform, but lifting its PT to $11 from $6.50. Noting FQ4 revenue, device sales, and sub losses were worse than expected even as margins and EPS beat estimates, the firm thinks BlackBerry "could struggle to generate a consistent operating profit."