Nokia upgraded to Buy from Neutral at Goldman Sachs
June 24, 2021
Goldman Sachs analyst Alexander Duval upgraded Nokia to Buy from Neutral with a price target of EUR 5.40, up from EUR 4.10. Duval sees scope for upside to Infront consensus on his latest raised estimates. The analyst added that he upgraded the stock given the roughly 25% upside to his price target and with his positive view on the stock being based on continued wireless market demand, improving product position for 5G, and scope for share gains from Chinese vendors.