Correction: JP Morgan Maintains Neutral on Nokia, Lowers Price Target to $4.26
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Sandeep Deshpande maintains a Neutral rating on Nokia (NYSE:NOK) and lowers the price target from $4.39 to $4.26.
April 16, 2024 | 2:17 pm
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JP Morgan analyst Sandeep Deshpande maintains a Neutral rating on Nokia and lowers the price target from $4.39 to $4.26.
The reduction in price target by JP Morgan, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Nokia's stock price. The maintenance of a Neutral rating indicates no significant change in the company's fundamentals or outlook, but the lowered price target suggests a slight adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100