Goldman Sachs removed Alcatel-Lucent, S.A. (NYSE: ALU) from its Pan-Europe Conviction Sell List.
Nothing like being almost two hours late to the party. :)
We are removing our short position. ALU does not have alot of love in the street but Nokia does. I am playing both but Nokia seems to have alot of brand loyality
Please tell me what that means?
Sentiment: Strong Buy
It means, more or less, that they are saying the stock is not as bad as it use to be and no longer advise investors to sell it short. This is sort of an upgrade, but, the lightest form of it possible.