RBC Capital Markets analyst Mark Sue expects Nortel to post better results in the second-half of the year, which should help the company see 5% revenue growth in 2006. When Nortel releases its second-quarter results next week, Sue is looking for Nortel to confirm its guidance of operating margins in the mid-teens by 2008 and operational savings of $1.5-billion. Sue has a "sector perform" rating on Nortel with a price target of $3.50. Meanwhile, DonHarrold.net, which "provides unbiased stock ratings for registered investment advisors", rates Nortel a "buy". Harrold’s definition of a buy is that "the momentum indicators I follow are in full swing. I see a "buy" as one that is usually already in the process of trending higher from previously oversold levels."
Rest of ‘06 Better for Nortel?
RBC Capital Markets analyst Mark Sue expects Nortel to post better results in the second-half of the year, which should help the company see 5% revenue growth in 2006. When Nortel releases its second-quarter results next week, Sue is looking for Nortel to confirm its guidance of operating margins in the mid-teens by 2008 and operational savings of $1.5-billion. Sue has a "sector perform" rating on Nortel with a price target of $3.50. Meanwhile, DonHarrold.net, which "provides unbiased stock ratings for registered investment advisors", rates Nortel a "buy". Harrold’s definition of a buy is that "the momentum indicators I follow are in full swing. I see a "buy" as one that is usually already in the process of trending higher from previously oversold levels."