Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

UBS Upgrades Tellabs to 'Neutral'


UBS Investment upgraded Tellabs (TLAB) to neutral from reduce.

Analyst Nikos Theodosopoulos says he's upgrading on valuation, as the stock is trading within 9% of his $6.30 target. He keeps his fundamental view for the telecom-euqipment maker as neutral, and he's somewhat cautious.

Theodosopoulos thinks the overall telecom-capital spending environment is likely to have bottomed out during the first half of the year. He says a modest sequential industry recovery in the second half of the year, plus an ongoing restructuring, should put Tellabs on track for breakeven by yearend.

He's cautious on the company's long-term earnings power given its exposure to the U.S. optical-network space, which could lag behind the overall telecom-equipment sector in a recovery.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus