Nokia: Barclays raises target price.
(CercleFinance.com) - Barclays reiterates its "overweight" rating on Nokia and has raised its target price to 6.
50 euros, seeing "catalysts and growth" on the horizon.
In a research note sent to clients, the brokerage firm says it expects four clear catalysts over the coming quarters to boost both Nokia's earnings estimates and share price.
The first of these events comes next week, with the launch of Nokia's new IP router, while the second and third positive catalysts will be the group's second-quarter and third-quarter results, the broker says.
Finally, Barclays says it sees signs of improving trends across Nokia's end markets: mobile (4.5/4.9/5G) and core (IP networking contracts).
"After what was clearly a challenging 2016, we sense a more positive outlook amongst Nokia management and expect such optimism to be supported by these catalysts," the broker points out.
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.
50 euros, seeing "catalysts and growth" on the horizon.
In a research note sent to clients, the brokerage firm says it expects four clear catalysts over the coming quarters to boost both Nokia's earnings estimates and share price.
The first of these events comes next week, with the launch of Nokia's new IP router, while the second and third positive catalysts will be the group's second-quarter and third-quarter results, the broker says.
Finally, Barclays says it sees signs of improving trends across Nokia's end markets: mobile (4.5/4.9/5G) and core (IP networking contracts).
"After what was clearly a challenging 2016, we sense a more positive outlook amongst Nokia management and expect such optimism to be supported by these catalysts," the broker points out.
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.