Rest of ’06 Better for Nortel?

RBC Capital Markets analyst Mark Sue expects Nortel to post better results in the second-half of the year, which should help the company see 5% revenue growth in 2006. When Nortel releases its second-quarter results next week, Sue is looking for Nortel to confirm its guidance of operating margins in the mid-teens by 2008 and operational savings of $1.5-billion. Sue has a "sector perform" rating on Nortel with a price target of $3.50. Meanwhile,, which "provides unbiased stock ratings for registered investment advisors", rates Nortel a "buy". Harrold’s definition of a buy is that "the momentum indicators I follow are in full swing. I see a "buy" as one that is usually already in the process of trending higher from previously oversold levels."


Leave a Reply

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

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

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s

%d bloggers like this: