Danske Upgrades Nokia (NOK) to Buy, PT Raised 107%
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Better Cash Position, Strong Lumia Sales Lift Nokia's (NOK) Prospects - RBC Capital
November 26, 2012 11:08 AM ESTRBC Capital lifted its price target on Nokia (NYSE: NOK) Monday from $3 to $4, although they reiterated a Neutral-steering "Sector Perform" rating. The firm cited a modestly better cash position and encouraging demand for new devices.
RBC's Mark Sue said the update for Nokia's new Windows 8 Lumia 920/820/822 portfolio is better, with carriers positioning it in the "best-value" category for the holiday season. He notes Lumia 920 sells for $99 with a two-year contract and $450 without... More
