Bernstein Research analyst Pierre Ferragu this morning trimmed his rating on Alcatel Lucent (ALU) to Underperform from Market Perform; his target on the company’s U.S.-listed shares drops to $2, from $2.67.
LMFAO at this mope. He's the same guy who downed RIMM on August 31st. The stock is now up 31% over about a 2 month period. I love these so called experts. Maybe he's loading up. Here is his what he had to say. What a dumb butt. Bernstein Research analyst Pierre Ferragu lowered his price target for Research In Motion (NYSE: RIMM) and cut his earnings estimate for fiscal 2011 and 2012. Here is the link http://business.cbs11tv.com/cbslocal.cbs11tv/news/read?GUID=14522601&ChannelID=5757
P/S is 1/3rd ERIC and 1/10th CSCO. I think that ratio closes over the next 2 years and I am not expecting a drop in Sales at any of the 3. But I appreciate the call as I filled out the position in what looks like a long and steady climb. The 5 year chart is the one to look at.