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Nokia: Oddo BHF raises target price
(CercleFinance.com) - While maintaining its 'neutral' rating on Nokia shares, Oddo BHF raises its target price for them from E3 to E3.
5, judging the acquisition of Infinera and the sale of Alcatel Submarine Network to be positive, as they strengthen the company's product portfolio.
These operations are consistent with Nokia's six strategic pillars, announced at the CMD in December 2023, when the group indicated its intention to actively manage its portfolio, the analyst notes, who also considers the stock as cheap.
The absence of a recovery in the mobile networks market, as well as a certain caution regarding Nokia's ability to generate the promised synergies (mediocre track record at Alcatel Lucent), leads us to remain cautious, he adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
5, judging the acquisition of Infinera and the sale of Alcatel Submarine Network to be positive, as they strengthen the company's product portfolio.
These operations are consistent with Nokia's six strategic pillars, announced at the CMD in December 2023, when the group indicated its intention to actively manage its portfolio, the analyst notes, who also considers the stock as cheap.
The absence of a recovery in the mobile networks market, as well as a certain caution regarding Nokia's ability to generate the promised synergies (mediocre track record at Alcatel Lucent), leads us to remain cautious, he adds.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.