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Deutsche Bank Maintains “Hold”
By Mark Evans | March 21, 2007
Deutsche Bank Securities has maintained its “hold” rating on Nortel, while raising its target price from $20 to $24. In a research note, Deutsche Bank said Nortel reported 4Q 2006 revenues that were ahead expectations while pro-forma EPS fell short of the estimates. The investment firm expects Nortel Networks Corporation to “witness difficult trends in the forthcoming quarters”.
Topics: Analyst Coverage |