Analysts: BlackBerry Can Meet Its May Quarter Targets and 3 More Research Notes to Explore
BlackBerry (NASDAQ:BBRY): William Blair finds that BlackBerry’s May quarter estimates are indeed attainable, namely 3.3 million BlackBerry 10 shipments, due to channel fill and pent-up demand. However, the firm says its channel checks confirmed that BlackBerry faces serious long-term challenges, and it keeps a Market Perform rating on the shares.
First Solar (NASDAQ:FSLR): JPMorgan has initiated coverage of First Solar with an Overweight rating, as the firm expects the solar market to experience strong long-term growth and views First Solar as the best-positioned pure-play name in the space. It puts a year-end price target of $64 on the shares.
Charles Schwab (NYSE:SCHW): Citigroup has raised Charles Schwab by two notches from Sell to Buy, on expectations that higher rates will drive a faster recovery of earnings power. Citi also raised its price target for shares to $24 from $14.
AB InBev (NYSE:BUD): Societe Generale has downgraded shares of AB InBev to Hold from Buy, citing the recent drop in the Brazilian Real versus the U.S. dollar.
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