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Msg  212 of 214  at  6/25/2021 11:12:40 AM  by

mu_aapl


Nokia upgraded as Goldman sees improved 5G spending, share gains

Jun. 25, 2021 8:45 AM ET
By: Brandy Betz, SA News Editor7 Comments

With an improved 5G spending backdrop, Goldman Sachs upgrades Nokia (NYSE:NOK) to Buy

Analyst Alexander Duval notes that Nokia has underperformed rival Ericsson by about 75% over the past three years and European tech by 67% due to "lagging wireless equipment product quality, share losses and negative EPS revisions."

The firm now sees wireless product progress and share gain potential.

Duval raises Nokia's ADR price target from $4.90 to $6.50.

Nokia ADRs are up 2.5% pre-market to $5.27.

Recent news: Nokia launches the next-generation AirScale 5G portfolio

Now read: Lufthansa moves Nokia's 5G private network into commercial deployment

http://seekingalpha.com/news/3710109-nokia-upgraded-as-goldman-sees-improved-5g-spending-share-gains


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213 Re: Nokia upgraded as Goldman sees improved 5G spending, share gains Sixty2nds 0 7/13/2021 1:33:37 PM


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