Raymond James Maintains Outperform on Nokia, Lowers Price Target to $4.5
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Simon Leopold has maintained an 'Outperform' rating on Nokia (NYSE:NOK) but lowered the price target from $6 to $4.5.

October 20, 2023 | 8:41 am
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Nokia's price target has been lowered from $6 to $4.5 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on Nokia's stock price in the short term. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100