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Fly News Breaks for November 4, 2015
ALU
Nov 4, 2015 | 06:07 EDT
BMO Capital upgraded Alcatel-Lucent (ALU) to Outperform rating and increased its price target to $5.50 from $4.40 on shares. Analyst Tim Long is positive on the Nokia (NOK) merger and believes the synergies will be even bigger than expected, and is adding some contributions from Samsung IPR payments to the Nokia model. Long believes shares are poised to run as the acquisition close nears.
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