Danske Upgrades Nokia (NOK) to Buy, PT Raised 107%
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Price: $10.21 +0.59%
Rating Summary:
24 Buy, 13 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
24 Buy, 13 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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On Thursday, Danske upgraded Nokia (NYSE: NOK) from Sell to Buy saying the outlook for 2013 is improving based on demand for Windows 8 phone and stronger-than-expected early results for the Lumia 920.
The firm said that while reports of sell-outs of the Lumia 920 is likely due to low initial shipments, underlying demand is strong due to the quality of the device. Nokia is able to scale-up production quickly if required, they also note. They raised 2013 WP8 shipment estimates by 57% to 36 million.
The price target raised 107% to EUR2.9.
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 $3.31 yesterday.
The firm said that while reports of sell-outs of the Lumia 920 is likely due to low initial shipments, underlying demand is strong due to the quality of the device. Nokia is able to scale-up production quickly if required, they also note. They raised 2013 WP8 shipment estimates by 57% to 36 million.
The price target raised 107% to EUR2.9.
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 $3.31 yesterday.
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