UPDATE: Goldman Sachs Removes Alcatel-Lucent, S.A. (ALU) from Conviction Sell List

January 7, 2013 11:57 AM EST Send to a Friend
Get Alerts ALU Hot Sheet
Price: $3.32 +2.47%

Rating Summary:
    13 Buy, 9 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 24 | New: 30
Trade ALU Now!
Join SI Premium – FREE
(Updated - January 7, 2013 3:08 PM EST)

Goldman Sachs removed Alcatel-Lucent, S.A. (NYSE: ALU) from its Pan-Europe Conviction Sell List, but is keeping a Sell rating and EUR1.2 price target.

"In our view outperformance has been driven by upside to capex intentions of US Telcos, granular disclosure on ALU's patent portfolio and the announcement of a planned significant change in Alcatel’s capital structure, mitigating tail risk. We remove ALUA.PA and ALU from the Conviction List but they remain Sell given the group’s Q4
industry positioning and returns," the analyst said.

Goldman remains bearish on Alcatel's fundamentals and expect downside to profit expectations for 4Q2012


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments

Related Entities

Goldman Sachs Conviction Sell List, Goldman Sachs

Add Your Comment