The Globe and Mail reports in its Friday, Jan. 6, edition that Canaccord Genuity analyst T. Michael Walkley has reaffirmed his "hold" ranking for BlackBerry. The Globe's David Leeder writes in the Eye On Equities column that Mr. Walkley cut his share target to $4 from $4.50 (all figures U.S.). Analysts on average target the shares at $5.02. Mr. Walkley says in a note: "Similar to CrowdStrike, we believe BlackBerry's security business looks well positioned to benefit from an increase in cybersecurity investments to modernize legacy protocols toward Zero Trust architectures. ... Given Blackberry's much slower growth and lack of profitability versus the security software comparable group average, we believe it will trade at a discount until sustained growth is maintained and potentially accelerated to double-digit levels. Further, we believe in this tough macro environment, investors will also wait for BlackBerry to show a clear path toward sustained profits. We do view the potential sale of its licensing business as a potential near-term catalyst given the cash infusion should more than sustain the company's investment plans to drive growth and then eventually leverage to sustained profits and positive FCF."