Why Nokia Stock Was Winning on Wednesday
(NYSE: NOK) was the subject of an analyst's recommendation upgrade Wednesday, and investors expressed their appreciation by bidding up the telecom's stock. In late-session trading it was up by more than 3% in price, well ahead of the S 500 index's 0.2% gain at that point in the day.
Well before market open, BNP Paribas Exane's Jakob Bluestone changed said recommendation, pushing it up a notch to outperform (buy, in other words) from his previous neutral. His price target on Nokia's Europe-listed stock is 4.30 euros ($5.01) per share.
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Source Fool.com
Nokia Corp. Stock
€5.46
3.250%
Currently there is a rather positive sentiment for Nokia Corp. with 4 Buy predictions and 0 Sell predictions.
However, we have a potential of -8.46% for Nokia Corp. as the target price of 5 € is below the current price of 5.46 €.
