Nokia: Credit Suisse cuts target price

(CercleFinance.com) - Credit Suisse maintains its "outperform" rating on the Nokia stock, while shaving a fraction off its target price from E5.
61 to E5.4.

The analyst is trimming his FY23/24 revenue estimate by 1% and reducing comparable EBIT expectations by 1%-7%, in light of its March results and FY23 outlook, deeming that Nokia seems better placed than Ericsson to weather the wireless market headwinds.


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