Goldman Sachs Maintains Neutral on Nokia, Lowers Price Target to $3.4
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Alexander Duval has maintained a Neutral rating on Nokia (NYSE:NOK) but has reduced the price target from $5.1 to $3.4.
December 19, 2023 | 1:19 pm
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NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Nokia and lowered the price target from $5.1 to $3.4, which may influence the stock's performance.
A lowered price target by a major analyst like Goldman Sachs can lead to negative investor sentiment and a potential decrease in the stock price in the short term, as the market adjusts to the new valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100