Goldman Sachs Downgrades Nokia to Neutral, Lowers Price Target to $3.4
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexander Duval has downgraded Nokia (NYSE:NOK) from Buy to Neutral and reduced the price target from $5.1 to $3.4.

December 18, 2023 | 12:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Goldman Sachs downgraded Nokia's stock from Buy to Neutral and lowered the price target from $5.1 to $3.4, indicating a less optimistic outlook on the company's stock performance.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less favorable outlook for the company's future performance. The reduction in the price target further emphasizes a lowered expectation for Nokia's stock value.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100