« New Enterprise Product? | Main | Nortel Introduces Fastlane »
Robert Baird Maintains “Outperform”
By Mark Evans | May 15, 2007
Robert W Baird has maintained its “outperform” rating on Nortel with a target price of $34. In a research note, the investment firm said Nortel posted strong revenue growth and higher than expected margins in the first-quarter, and that earnings will likely accelerate in the second of the year before ramping up in a major way in 2008 as the company’s restructuring program starts to bear fruit. Baird also believes Nortel could win some contracts during the second half of ‘07 in the enterprise, FM and services sectors.
Topics: Analyst Coverage |