Seeking Alpha

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

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.
Comments (1)
  • Alu has a lots of room now to structure and become profitable
    and as we can see, analysts and investments groups are upgrading slowly, one after the other, before we know it, the share price will double and may triple before the end of 2013
    23 Jan 2013, 11:31 PM Reply Like
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