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NT Hits $2.33
It’s not a good day on the stock markets so it’s not a surprise that Nortel is getting caught in the downdraft. The stock touched a new record low of $2.33 earlier today.
That caught my eye after Independent International Investment Research, which has been bullish on Nortel, issued a note suggesting that Nortel is a “buy” with a target price of US$3.57.
IIIR’s outlook on Nortel is:
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