Argus Upgrades Nokia (NOK) to Buy

Argus upgraded Nokia (NYSE: NOK) from Hold to Buy with a price target of $12.00.

The analyst cited synergies and growth potential resulting from the nearly complete acquisition of Alcatel-Lucent.

"Nokia is now able to deliver comprehensive solutions spanning fixed and wireless networks to service providers and other carriers", the analyst said.

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 $7.38 yesterday.

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