Citigroup cuts Alcatel-Lucent (ALU -6.5%) to Sell from Neutral, citing lack of visibility and...

|By:, SA News Editor

Citigroup cuts Alcatel-Lucent (ALU -6.5%) to Sell from Neutral, citing lack of visibility and expectations for further financial disappointment. ALU also was downgraded to Sell from Reduce at WestLB. Shares fell 16.7% Friday after the company reported weak Q3 results and lowered guidance.