were again trading at a 52-week low this morning,
a day after the company said it may have to revise reported fourth-quarter results and indicated that it could no longer confirm its guidance for the first quarter.
Shares of Lucent were recently trading at $16.50, down $1.06, or 6.1%. The shares have traded as low as $16.38 this morning.
this morning cut its 12-month target on the shares to $25 from $30 but maintained a hold rating on the stock.
The UBS move follows a downgrade from
yesterday cut its long-term rating on Lucent to accumulate from buy and lowered its fiscal 2001 earnings estimate to 20 cents a share from 65 cents.