Alcatel-Lucent (ALU +3%) moves higher after receiving an upgrade to Neutral from Citi. The firm,...

|By:, SA News Editor

Alcatel-Lucent (ALU +3%) moves higher after receiving an upgrade to Neutral from Citi. The firm, which now has a PT of €1.30 ($1.73), cites an improved carrier spending environment and lower bankruptcy risk (presumably thanks to Alcatel's debt refinancing deal). Shares are up 58% since the deal was announced.