Alcatel-Lucent Tumbles on Raymond James Downgrade and 2 More Heavily Traded Stocks to Follow

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Alcatel-Lucent (NYSE:ALU): Current price $3.91

Shares are down are down by about 2.5 percent Thursday, after a downgrade by analyst Simon Leopold at Raymond James to Market Perform from Strong Buy, and the removal of his target price of $3.50, as he commented that recent the 182-percent rise in the shares “mostly reflects restructuring expectations.” Subsequent to taking a “fresh look” at a number of factors like pension liabilities and net operating losses, calculated on the sum of its parts, Leopold wrote that the stock could actually be worth $4.50.

ALU 20131003

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