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Citigroup Keen on Nortel
By Mark Evans | May 10, 2007
Citigroup analyst Michael Genovese has bought into Nortel’s hyper-connectivity message. In a research note, he said hyper-connectivity will see more online users, devices, bandwidth, applications and networking and, as a result, boost Nortel’s competitive advantage. He rates Nortel a “buy” with a $35 stock price target.
Topics: Analyst Coverage |