UPDATE: Wells Fargo Downgrades BlackBerry on Far Out Success
June 28, 2013 at 15:36 PM EDT
In a report published Friday, Wells Fargo analyst Maynard Um downgraded BlackBerry (NASDAQ: BBRY ) from Outperform to Market Perform. In the report, Wells Fargo commented, "Our downgrade does not necessarily reflect a view that BBRY will not be able to succeed (while we still believe it can upgrade its existing installed