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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