The Globe and Mail reports in its Friday, Dec. 22, edition that RBC Dominion Securities analyst Paul Treiber has reaffirmed his "sector perform" recommendation for BlackBerry. The Globe's David Leeder writes in the Eye On Equities column that Mr. Treiber gave his share target a 50-cent trim to $4 (all figures U.S.). Analysts on average target the shares at $5.25. Mr. Treiber says in a note: "For IoT, the reduction in BlackBerry's Q4 outlook reflects both near-term headwinds (i.e. reduced auto production) and delays regarding new investments (i.e. developer seats, services). ... BlackBerry is continuing with the separation of IoT and cybersecurity, which could lead to 'optionality' such as a divestiture or spin-off. While these corporate actions may be potentially value creating, it raises uncertainty regarding BlackBerry's future, in our view. ... BlackBerry remains in the midst of its turnaround and the split of the company into two standalone entities has just begun. However, near-term visibility to growth and improved profitability is low. Pending improved visibility to near-term growth and profitability, we believe BlackBerry's IoT and cybersecurity businesses will continue to trade below peers."