UPDATE: Raymond James Upgrades Nokia (NOK) to Outperform

January 8, 2019 3:03 AM EST
Get Alerts NOK Hot Sheet
Price: $6.23 --0%

Rating Summary:
    21 Buy, 15 Hold, 7 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 21 | New: 44
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(Updated - January 8, 2019 7:59 AM EST)

(updated to add analyst comments)

Raymond James analyst Simon Leopold upgraded Nokia (NYSE: NOK) from Market Perform to Outperform with a price target of $7.50.

Leopold said the upgrade comes as they envision improving trends led by wireless spending that they believe will aid Nokia's other segments (i.e., routing, optical). Further, Nokia can benefit from a global backlash against Huawei. They see Nokia as advantaged because of the diversity of its portfolio.

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 $6.02 yesterday.

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