BlackBerry Ltd (BBRY) Price Target Slashed By Jefferies

BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) is up for sale, and some big buyers are likely interested. A new report on the company's stock, from analyst Peter Misek of Jefferies, suggests that the sale of the company is the single most factor in determine its share price. A greying situation for the company, disappointing earnings and poor smartphone sales will not be the defining factor behind the price.

This means that though the Jefferies analysis points to a much worse than expected earnings report in a couple of months, it won't be the major factor in determining the share price. The report still dropped its price target from $18 to $15, though it rated the stock as...