Deutsche Bank Downgrades Alcatel-Lucent (ALU) to Hold
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Price: $3.46 --0%
Rating Summary:
14 Buy, 6 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 6 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank downgraded Alcatel-Lucent (NYSE: ALU) from Buy to Hold and lowers their price target from E4.5 to E4
The firm said, "After significant outferformance, we believe ALU' share price now largely reflects an anticipated margin recovery to 6+% by 2012. With revenue and margin momentum likely starting to slow in H2 into 2012, we believe the stock could be rangebound from here."
For more ratings news on Alcatel-Lucent click here and for the rating history of Alcatel-Lucent click here.
Shares of Alcatel-Lucent closed at $5.58 yesterday.
The firm said, "After significant outferformance, we believe ALU' share price now largely reflects an anticipated margin recovery to 6+% by 2012. With revenue and margin momentum likely starting to slow in H2 into 2012, we believe the stock could be rangebound from here."
For more ratings news on Alcatel-Lucent click here and for the rating history of Alcatel-Lucent click here.
Shares of Alcatel-Lucent closed at $5.58 yesterday.
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