Robert W Baird has maintained its ”neutral” rating on Nortel with a target price of C$2. The investment firm expects the $320-million sale of Nortel’s UMTS radio access business to Alcatel will be accretive by one to two cents a share, and it believes there is limited downside in Nortel’s share price from current levels.
Baird Maintains Neutral Rating
Robert W Baird has maintained its ”neutral” rating on Nortel with a target price of C$2. The investment firm expects the $320-million sale of Nortel’s UMTS radio access business to Alcatel will be accretive by one to two cents a share, and it believes there is limited downside in Nortel’s share price from current levels.