« Scotia Bullish on Nortel - $30 Target | Main | What’s Happening With NT »
…Meanwhile RBC’s Mark Sue Less Bullish
By Mark Evans | January 10, 2008
While Gus Papageorgiou is gung ho on Nortel’s prospects, RBC analyst Mark Sue is far more cautious.
In a report, he said Nortel is “appropriate for long-term minded investors” due to a competitive landscape, industry consolidation and a weak balance sheet.
In the short-term, he has a target price of $16 with a “sector perform” rating.
Source: National Post.
Topics: Analyst Coverage |