JP Morgan Maintains Overweight on Nokia, Lowers Price Target to $4.26
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Sandeep Deshpande maintains an Overweight rating on Nokia (NYSE:NOK) but lowers the price target from $4.39 to $4.26.

April 16, 2024 | 2:14 pm
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JP Morgan maintains an Overweight rating on Nokia, indicating a positive outlook, but has reduced the price target from $4.39 to $4.26.
The maintenance of an Overweight rating suggests JP Morgan's continued positive stance on Nokia's stock. However, the reduction in the price target, albeit slight, could indicate a tempered expectation for Nokia's stock performance in the short term. This adjustment in the price target is likely based on recent data or market conditions affecting Nokia's outlook. The impact on the stock price could be neutral in the short term as the positive rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100