Nextel Sinks 1.3% Despite Upgrade
Nextel
(NXTL)
was down 1.3% in late afternoon after
Prudential Securities
upgraded it to strong buy from accumulate.
Prudential said the mobile phone company should gain from the IPO of its international unit and is well positioned as the market moves to a new generation of equipment. Prudential also said bad news is already priced into the stock.
