Monday 4 February 2013

Oracle, Facebook fall, but BlackBerry rises

Bernstein upgrades BlackBerry as company trades under new ticker



 Feb. 4, 2013, 10:40 a.m. EST 


The tech sector also got a lift from shares of BlackBerry BBRY +9.18%  , formerly known as Research In Motion, which began trading under a new ticker on Monday. BlackBerry was up 6% at $13.77.
The handset maker got a boost from a Bernstein Research upgrade. Analyst Pierre Ferragu raised his rating to outperform from market perform saying, “We have grown more confident in the likely success of the Blackberry 10 launch, supported by low channel inventories, strong operator support and material pent-up demand.”
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