The Globe and Mail reports in its Friday, Oct. 6, edition that TD Securities analyst Daniel Chan is sticking with his "hold" call on BlackBerry. The Globe's David Leeder writes in the Eye On Equities column that Mr. Chan trimmed his share target back by $1 to $4 (all figures U.S.). Analysts on average target the shares at $5.50. The Globe says Mr. Chan expects to see more share declines at BlackBerry after the late Wednesday announcement of a plan to split itself in two by spinning its connected-car software business into a separate public company. Mr. Chan says in a note: "The share price has pulled back considerably following earnings last week, which we believe was due to the view that an outright sale of the entire company was unlikely. ... In our view, this open-ended update to the strategic review suggests that anything could still happen. The company has given itself a long timeline to execute this IPO, and could see new bids for its assets as it starts separating and restructuring them. Perhaps, price discovery during this process for the unique QNX business may lead to a more informed decision on how to proceed with it. Either way, we do not believe this is the end of BlackBerry's transformation."