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Baird Maintains Neutral Rating
By Mark Evans | September 4, 2006
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.
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Topics: Analyst Coverage |
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