Nokia: Berenberg maintains 'buy' recommendation
(CercleFinance.com) - Berenberg maintains its "buy" recommendation on Nokia, with a target price of 5.
5 euros, saying that the stock's risk/reward ratio is compelling.
The German broker admits that Nokia reported a "weak" first quarter, but points out that the management team is now very optimistic regarding demand, guiding to significant improvements in sales growth and profitability in the second half of the year.
Berenberg also cites a strong pipeline, a broad portfolio and likely upsets to Chinese competitors.
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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.
5 euros, saying that the stock's risk/reward ratio is compelling.
The German broker admits that Nokia reported a "weak" first quarter, but points out that the management team is now very optimistic regarding demand, guiding to significant improvements in sales growth and profitability in the second half of the year.
Berenberg also cites a strong pipeline, a broad portfolio and likely upsets to Chinese competitors.
Copyright (c) 2018 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.