Citigroup Downgrades Nokia to Sell
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Gardiner has downgraded Nokia (NYSE:NOK) from Buy to Sell, indicating a negative outlook on the company's stock.
December 15, 2023 | 10:30 am
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NEGATIVE IMPACT
Citigroup's downgrade of Nokia from Buy to Sell suggests a bearish view on the stock, potentially influencing investor sentiment and stock price negatively in the short term.
Analyst downgrades typically lead to a negative perception among investors, which can result in a decrease in stock price. Given that this is a direct downgrade from Buy to Sell, the impact is likely to be significant.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100