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.