Struggling Alcatel-Lucent (ALU +5.6%) rallies following an upgrade to Buy from Deutsche's Kai...

|By:, SA News Editor
Struggling Alcatel-Lucent (ALU +5.6%) rallies following an upgrade to Buy from Deutsche's Kai Korschelt, who thinks the company's financial position isn't as dire as the market believes. Korschelt believes Alcatel will have enough cash for 2012 and 2013 even if sales plummet, and think the company has a break-up value of €2/share - a 61% premium from current levels. (previously)