Despite Morgan Stanley’s James Faucette once again attempting to depress BBRY ahead of the E.R., other analysts that receive less press have a different opinion.
According to WKRB
Vetr upgraded shares of BlackBerry (NASDAQ:BBRY) from a hold rating to a buy rating in a research note released on Monday morning. They currently have $10.38 target price on the smartphone producer’s stock.
Analysts at Wells Fargo & Co. reiterated a market perform rating on shares of BlackBerry in a research note on Saturday, May 23rd. Analysts at Cowen and Company reiterated a market perform rating and set a $11.00 price target (up previously from $10.00) on shares of BlackBerry in a research note on Thursday, May 14th. Finally, analysts at MKM Partners upgraded shares of BlackBerry to a neutral rating and set a $10.00 price target on the stock in a research note on Tuesday, March 31st. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $10.00.
So Morgan Stanley, who the media is highlighting with click bait titles such as BlackBerry Ltd (BBRY) Will Likely Miss FY16 Projections: Morgan Stanley is in the clear minority yet apparently the market has reacted negatively because of it, despite other analyst’s opinions. This is the effect of the FUD (fear uncertainty and doubt) tool that market manipulators use so well.
From the graphic above, it is clear that Morgan Stanley is in the minority in their opinion, in fact they stand pretty much alone with the lowest rating for BBRY.
Morgan Stanley’s James Faucette
Who’s zooming who Mr. Faucette? Your market manipulation is obvious.