Nortel: “Sector Perform”, Sue Says

RBC Capital Markets analyst Mark Sue is maintaining his "sector perform" rating on Nortel Networks with a target price of $3.50. Sue said Nortel is expected to report first-quarter revenue of $2.35-billion and a loss per share of two cents when it posts its results tomorrow. He said the company will likely reiterate its improving internal metrics, and operating margins are likely to rise to low-single digits in the second-quarter.

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