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UBS Maintains Neutral Rating
By Mark Evans | January 17, 2007
In the wake of Nortel’s Ethernet deal with BT earlier this week, UBS has maintained its “neutral” rating on Nortel with a target price of $26. The investment firm said the agreement to supply equipment to BT’s next-generation network will boost the value of Nortel’s provider backbone technology, while the stock is expected to appreciate.
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Topics: Analyst Coverage |