NEW YORK (TheStreet) -- Shares of Blackberry  (BBRY)  dipped 3.93% to $6.72 this morning as JPMorgan lowered its price target on the stock to $7 from $8.

The firm reiterated its "neutral" vote on the mobile communications company based in Waterloo, Ontario.

JPMorgan noted that the company confirmed its software revenue target of 30% y-to-y growth in fiscal year 2017, but added that "mobile and SAF revenues were weak and we expect quarterly losses to increase as its high margin SAF business declines."

Shares of Blackberry are also under additional pressure this morning following Britain's vote to leave the European Union.

Separately, TheStreet Ratings gave this stock a rating of "sell" and a ratings score of D.

The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself.

You can view the full analysis from the report here: BBRY

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.