Nokia: Credit Suisse raises target price.

(CercleFinance.com) - Credit Suisse reiterates its "outperform" rating on Nokia with a new target price of 6 euros, versus 5.
75 euros previously, saying that growth drivers are starting to emerge.

The brokerage firm—which thinks the growth outlook for Nokia is beginning to improve—has hence revised its estimates on the telecoms gear maker.

"We believe that Nokia fundamentals should continue to improve from here driven by close to bottoming networking technology acceptance model (TAM), large contract wins and routing/optical portfolio refresh, as well as continued intellectual property rights optionality, which should drive a return to growth during 2018," Credit Suisse writes in a research note.

Copyright (c) 2017 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.