Canaccord Genuity maintains a 'Hold' on Nokia (NOK); Product Execution Improving; 2012 Remains Transitional Year
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Price: $10.76 +1.89%
Rating Summary:
24 Buy, 13 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 13 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity maintains a 'Hold' on Nokia (NYSE: NOK) price target of $7.50.
Canaccord analyst, T. Michael Walkley, said, "We hosted investor meetings with CFO Timo Ihamoutila and Matt Shimao, VP Investor Relations. We believe Nokia management is executing on both its cost-cutting initiatives and Windows smartphone strategy, and we were impressed with the new Lumia smartphones. While we were impressed with the Lumia products, we maintain our estimates due to our belief it will take until H2/12 for Nokia to ramp its Windows smartphones in volume. As a result, we believe 2012 remains a challenging transitional year, and we maintain our rating and PT."
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 $6.38 yesterday.
Canaccord analyst, T. Michael Walkley, said, "We hosted investor meetings with CFO Timo Ihamoutila and Matt Shimao, VP Investor Relations. We believe Nokia management is executing on both its cost-cutting initiatives and Windows smartphone strategy, and we were impressed with the new Lumia smartphones. While we were impressed with the Lumia products, we maintain our estimates due to our belief it will take until H2/12 for Nokia to ramp its Windows smartphones in volume. As a result, we believe 2012 remains a challenging transitional year, and we maintain our rating and PT."
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 $6.38 yesterday.
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