Prudential Maintains Rating

Prudential Financial analyst Inder Singh has maintained his “overweight” rating on Nortel but reduced his 2005 and 2006 EPS estimates to $0.09 to $0.06 and from $0.20 to $0.18 respectively.  He said Nortel’s preliminary 4Q 2005 revenue fell short of consensus while earnings were in line. His 12-month target price is $4.

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