Cormark Securities Downgrades BlackBerry To Market Perform

Analysts at Cormark Securities downgraded BlackBerry (NASDAQ: BBRY) from Speculative Buy to Market Perform.

The target price for BlackBerry is set to $11.50.

BlackBerry shares have surged 28.14% over the past 52 weeks, while the S&P 500 index has gained 17.49% in the same period.

BlackBerry's shares dropped 0.91% to $10.83 in pre-market trading.