Baird Maintains Neutral Rating

Robert W Baird has maintained its “neutral” rating on Nortel with a target price of C$2. The investment firm expects the $320-million sale of Nortel’s UMTS radio access business to Alcatel will be accretive by one to two cents a share, and it believes there is limited downside in Nortel’s share price from current levels.

2 Responses to “Baird Maintains Neutral Rating”

  1. Eagle Says:

    R.W. baird has been the most avid supporter of Nortel over the last few years than any other analyst. I am surprised by these recent down grades by their leading supporting analyst. What happened?

    If this is what R.W. Baird claims, I dread to see what the stock price will really be like.

  2. reply Says:

    As he says, it will go to $2 Can which will be close to $1.50 US

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