Monexnews-Rating of the stock BlackBerry (BBRY) on Friday downgraded to ' sell ' from ' neutral ' by previous MSM Partners, following the reduced chances of success the company's latest product, the BlackBerry 10.
Analysts also lowered the target MKN Partners stock prices to $ 10 from the BBRY advance $ 12 for a 12-month period to the next. The rating Downgrade was done after analysts test the new BlackBerry products and perform the observation has been stopped the momentum of sales in the United Kingdom.
The possibility of failure as well as the larger BlackBerry 10, based on assessment of analysts MSM. According to them, the biggest drawback for Blackberry 10 is still the lack of applications available. Based on studies of MSM Partners, the new Blackberry products have only less than 10% of the number of Android applications are very popular and less than 5% of the number of applications for the iPhone.
BlackBerry's own stocks still persist about 0.2% above the closing price yesterday on the pre-market session Friday. (vid)
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