Barclays Reiterates an 'Overweight' on Nokia (NOK); IPR and Stabilizing EPS Highlight Value

Barclays reiterates an 'Overweight' on Nokia (NYSE: NOK) price target of $10.00.

Barclays analyst says, "Google's (Nasdaq: GOOG) proposed purchase of Motorola Mobility begs a number of questions for Nokia, namely the position of Windows Phone within the smartphone world and the value of Nokia's own IP portfolio. We conclude positively on both, providing further support to Nokia's long-term position. This, coupled with our view that near-term earnings expectations are achievable, leads us to reiterate our rating and PT."

For more ratings news on Nokia click here and for the rating history of Nokia click here.

Shares of Nokia closed at $5.93 yesterday.

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