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Citi Upgrades Alcatel-Lucent (ALU) to Neutral

January 23, 2013 8:38 AM EST Send to a Friend
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Price: $3.32 -0.3%

Rating Summary:
    11 Buy, 10 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 9 | Down: 11 | New: 43
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Citi upgraded Alcatel-Lucent (NYSE: ALU) from Sell to Neutral and raised its price target to EUR1.30.

The firm cited a positive carrier spending environment and reduced bankruptcy risk.

For an analyst ratings summary and ratings history on Alcatel-Lucent click here. For more ratings news on Alcatel-Lucent click here.

Shares of Alcatel-Lucent closed at $1.69 yesterday.

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