Analysts: BlackBerry More Likely to Be Acquired by Microsoft and 3 Other Research Notes to Peruse

BlackBerry (NASDAQ:BBRY): Jefferies believes that Microsoft’s (NASDAQ:MSFT) acquisition of Nokia’s (NYSE:NOK) handset business makes a potential acquisition of BlackBerry by the tech giant more likely rather than less. The firm says that with Nokia’s handset business and BlackBerry, Microsoft would become the definitive No. 3 handset player and the leader in enterprise mobile devices. Jefferies expects BlackBerry’s strategic review process to be completed by November. The firm has a Buy rating on BlackBerry with a $15 price target.


MasterCard (NYSE:MA): FBR Capital raised its price target for MasterCard to $690 from $640, citing increased earnings estimates for the 2014 fiscal year and higher confidence in the company’s ability to achieve targeted earnings growth following its investor day. The firm reiterates an Outperform rating on the stock.


Allstate (NYSE:ALL): Wells Fargo upgraded Allstate to Outperform from Market Perform citing growth within the company’s branded standard book of auto insurance as well as positive trends for auto insurers. The firm raised its price target range for shares to $58-$62 from $48-$52.


Restoration Hardware Holdings (NYSE:RH): Jefferies attributes post-earnings pullback Wednesday in shares of Restoration Hardware to “irrational concerns” surrounding the quality of the earnings guidance increase. The firm sees a buying opportunity for shares and expects the stock to find support in the mid- to high-$60 price range. Jefferies has a Buy rating on Restoration’s shares with an $88 price target.


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