Raymond James Maintains Outperform on Nokia, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Simon Leopold has maintained an Outperform rating on Nokia (NYSE:NOK) but reduced the price target from $4.5 to $4.

December 13, 2023 | 9:02 am
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NEUTRAL IMPACT
Raymond James maintains an Outperform rating on Nokia but lowers the price target from $4.5 to $4, indicating a potential upside but with moderated expectations.
While the Outperform rating suggests that Raymond James believes Nokia will perform better than the market or sector average, the reduction in the price target could imply that there are factors that might limit the stock's upside potential. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the reaffirmation of the positive outlook and the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100