Nomura Securities Maintains a 'Neutral' on Nokia (NOK); No Value for NSN: liabilities = Equity Value
Tweet
Share
E-mail
Get Alerts NOK Hot Sheet
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
Join SI Premium – FREE
Nomura Securities maintains a 'Neutral' on Nokia (NYSE: NOK) price target lowered from EUR4.40 to EUR4.10.
Nomura analyst, Stuart Jeffrey, said, "With NSN now having little value to Nokia, investors are likely to sustain focus on the mobile phone division. We believe that recent reports on the Lumia 800 sales could prove premature, and that HTC’s guidance cut likely reflects problems that only partially affect Nokia. Nevertheless, these issues are a cause of concern, and mean that the stock is unlikely to materially outperform unless either the low end surprises on margins or Nokia can show surprising traction with the Lumia range."
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 $5.47 yesterday.
Nomura analyst, Stuart Jeffrey, said, "With NSN now having little value to Nokia, investors are likely to sustain focus on the mobile phone division. We believe that recent reports on the Lumia 800 sales could prove premature, and that HTC’s guidance cut likely reflects problems that only partially affect Nokia. Nevertheless, these issues are a cause of concern, and mean that the stock is unlikely to materially outperform unless either the low end surprises on margins or Nokia can show surprising traction with the Lumia range."
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 $5.47 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
