Northland Capital Markets Maintains Outperform on Nokia, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Tim Savageaux has maintained an 'Outperform' rating on Nokia (NYSE:NOK) but lowered the price target from $7 to $6.
July 17, 2023 | 3:40 pm
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Nokia's price target has been lowered from $7 to $6 by Northland Capital Markets, though the 'Outperform' rating is maintained.
The lowering of the price target indicates a potential decrease in the stock's value. However, the maintained 'Outperform' rating suggests that the analyst still expects the stock to perform better than the market or its peers. This could lead to mixed reactions in the market, potentially keeping the stock's price relatively stable in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100