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Why Nokia Stock Was Winning on Wednesday

TheMotleyFool

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Why Nokia Stock Was Winning on Wednesday: https://g.foolcdn.com/editorial/images/831878/person-looking-pleased-while-gazing-at-a-smartphone.jpg

(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.

Image source: Getty Images.

Source Fool.com