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Alcatel-Lucent +3.6% after upgrade; Ericsson +2.9% thanks to Nokia

Oct. 23, 2014 9:38 AM ETNokia Oyj (NOK) StockNOK, ERICBy: Eric Jhonsa, SA News Editor4 Comments
  • Jefferies has upgraded Alcatel-Lucent (ALU) to Hold ahead of the company's Oct. 30 Q3 report. The firm cites a more favorable valuation following Alcatel's recent selloff.
  • Aside from the upgrade, Alcatel could be getting a lift from Nokia's strong Q3 numbers. Fellow mobile infrastructure vendor Ericsson (NASDAQ:ERIC) is also rallying; its Q3 report is due tomorrow.

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