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.
UBS Maintains Neutral Rating
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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