Avian Upgraded Nokia (NOK) to Positive; Shares Outperforming

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Nokia (NYSE: NOK) shares are catching a modest bid Tuesday afternoon following an earlier upgrade from Avian Securities' Matthew Thornton. While the Dow and S&P 500 are up 0.9 percent and 1.1 percent, respectively, shares of Nokia are up 1.6 percent to $2.55.

The analyst lifted his investment recommendation from Neutral to Positive, also setting a $3.15 price target. Thornton's new price target represents possible upside of about 24 percent from where the stock is currently trading.

For an analyst ratings summary and ratings history on Nokia click here. For more ratings news on Nokia click here.

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