BMO comes to the defense of beaten-down Alcatel-Lucent (ALU +0.8%), upgrading shares to...

|By:, SA News Editor

BMO comes to the defense of beaten-down Alcatel-Lucent (ALU +0.8%), upgrading shares to Outperform and setting a $4 PT. The firm notes Alcatel continues to gain router market share, and expects 4G LTE rollouts to give sales a lift. It also believes recent liquidity concerns are overdone, and praises management's cost-cutting efforts.