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Fly News Breaks for May 5, 2015
NOK, ALU
May 5, 2015 | 06:14 EDT
Citigroup upgraded Alcatel-Lucent (ALU) to Buy saying the risk/reward is skewed positive following the recent pullback in shares. Citi sees a greater possibility of Nokia (NOK) and Alcatel-Lucent renegotiating the merger terms, with Nokia potentially sweetening the deal by adding a cash component. The firm has an EUR 4.15 price target for shares.