RBC’s Mark Sue Lowers Target Price

 In the wake of the Nortel's conference call yesterday, RBC Capital Markets analyst Mark Sue has lowered his target price to $3.50 from $4.00, as well as reducing his estimates. He's now looking for 2006 EPS of 4 cents rather than 12 cents, and 2007 EPS of 13 cents rather than 18 cents. "An investment in Nortel may only be suited for long-term investors," Sue said, while keeping his rating on Nortel as "sector perform".

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: