BlackBerry Downgrade Shakes Shares, JPMorgan’s Desire to Settle, and 3 More Hot Stocks

BlackBerry (NASDAQ:BBRY): ”Our detailed analysis of the recent filing of Blackberry reveals a cash position far worse than we modeled,” said Bernstein’s Pierre Ferragu in a note, in which he downgraded the stock to Sell with a $4.50 price target. “We believe BlackBerry is likely to burn close to $2 billion in the next 6 quarters on a standalone basis, leading the company into material liquidity problems.” Only a “remotely possible” strategic acquisition keeps the price target from being $0.

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