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Technology Stocks : Lucent Technologies (LU)
LU 2.555+2.2%Nov 25 3:59 PM EST
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To: Anonymous who wrote (21324)7/10/2003 8:23:22 PM
From: ALTERN8  Read Replies (1) of 21876
 
Lucent upgraded at FBR (LU) 1.98: Friedman Billings Ramsey upgrades to Outperform from Mkt Perform based on their view that the co's second largest customer, AT&T, could be boosting capital spending in 2004; AT&T could be considering a network upgrade in 2004 that could add an incremental $250-$500 mln in expenditures per year, and firm thinks LU could be a major beneficiary of this spending; raises target to $3 from $2.
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