Wells Fargo Maintains Market Perform on Blackberry, Raises Valuation

In a report published Thursday, Wells Fargo analyst Maynard Um maintained Market Perform on Blackberry (NASDAQ: BBRY ), raising valuation range to $8.00-$9.00 from $6.50-$7.00. According to the report, the valuation range is based on roughly 0.60x EV/Sales (FY2015E). BBRY faces several risks including services business model transition, uncertain