Danske Upgrades Nokia (NOK) Two-Notches to Buy; Investor Sentiment Improving
Nokia (NYSE: NOK) is indicated for a higher open Monday following positive comments from Danske Bank issued earlier. The firm also upgraded shares by two-notches from Sell to Buy, while boosting its price target 80 percent to €3.60.
Danske commented that investors are becoming more positive on Nokia's ability to raise debt as well as solve its problems. In addition, performance from its Nokia Siemens Networks joint venture is improving with acquisition of NSN deal, meaning a dramatic re-rating on Nokia's share price is likely.