Shares in telecom equipment (IYZ +1%) firms Nokia (NOK +4.9%) and Alcatel-Lucent (ALU +9%) rise...
Shares in telecom equipment (IYZ +1%) firms Nokia (NOK +4.9%) and Alcatel-Lucent (ALU +9%) rise after Goldman Sachs upgrades its rating on both firms to Buy from Neutral. Goldman says Nokia offers long-term opportunity for value investors after falling 30% from early February, and predicts that ALU's margins would return to sustainable "high single-digit levels."
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