The Globe and Mail reports in its Saturday, May 20, edition that CIBC World Markets analyst Todd Coupland has elevated his recommendation for BlackBerry to "outperformer" from "neutral." The Globe's David Leeder writes in the Eye On Equities column that Mr. Coupland gave his share target a $2.80 (U.S.) boost to $6.50 (U.S.). Analysts on average target the shares at $5.50 (U.S.). Mr. Coupland says in a note: "Our update is informed by the Investor Day context and the recently announced portfolio review, that will include consideration if the company should undergo a possible separation of one or more of its businesses. In our view, the splitting of its two businesses -- cyber and IoT -- would be positive for BlackBerry. Both businesses have opposing growth and margin profiles; with IoT expected to grow by 20 per cent plus on average across F24-F25, compared to 5 per cent or more for its cyber business (FactSet). Such a move, in our view, would be positively received by investors. ... No timeline has been provided for the completion of the strategic review process, and the company does not intend to disclose developments until the Board has approved a specific agreement, transaction, or has terminated its review."