Danske Upgrades Nokia (NOK) Two-Notches to Buy; Investor Sentiment Improving

May 13, 2013 7:46 AM EDT Send to a Friend
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Price: $7.97 +0.76%

Rating Summary:
    14 Buy, 22 Hold, 9 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 9 | Down: 10 | New: 35
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Nokia (NYSE: NOK) is indicated for a higher open Monday following positive comments from Danske Bank issued earlier. The firm also upgraded shares by two-notches from Sell to Buy, while boosting its price target 80 percent to €3.60.

Danske commented that investors are becoming more positive on Nokia's ability to raise debt as well as solve its problems. In addition, performance from its Nokia Siemens Networks joint venture is improving ahead of a potential deal, meaning a dramatic re-rating on Nokia's share price is likely.
For an analyst ratings summary and ratings history on Nokia click here. For more ratings news on Nokia click here.

Shares of Nokia closed at $3.66 yesterday.


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Comments

Do NOT trust Danske Bank
Financehulligan.com on 2013-05-13 14:20:45
Mark as Spam | Reply to this comment

Last summer they were telling the market that Nokia needed more Money at the bottom in june 21012. We all know what happend. Now they telling us to buy share since it already rallied and I only LOL - what bad news is in pipeline this time?


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