Cowen Upgrades Nokia (NOK) to Outperform; Upward Trajectory 'Now Clear'

July 30, 2021 8:24 AM EDT
Get Alerts NOK Hot Sheet
Price: $5.62 +0.18%

Rating Summary:
    21 Buy, 15 Hold, 7 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 8 | New: 9
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Cowen analyst Paul Silverstein upgraded Nokia (NYSE: NOK) from Market Perform to Outperform with a price target of $8.00 (from $5.00).

The analyst commented, "Post 2Q21 results, we are raising our estimates, PT and rating to Outperform. Demand environment continues to be very favorable. What has changed is NOK’s improving execution - we think upward trajectory is now clear and we expect meaningful incremental improvement from here, which, while helping drive incremental revenue growth, should especially help margin structure and thereby EPS and cash flow."

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 $6.05 yesterday.

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