Nokia: a broker upgrades –

Photo credit © Nokia

( – 'Neutral' on Nokia, Liberum raises its target from 3.6 to 4 euros. The improvement in gross margin in the second quarter was impressive and increased confidence in the company's ability to generate profit going forward. Contract discipline and the growing proportion of Reefshark-based shipments are expected to continue to support gross margins going forward, offsetting any volatility in the product line. However, the drop in revenues is worrying, as signs of loss of market share are emerging, even outside of China, the analyst said. This could limit the level of improvement in operating margin. The broker is also awaiting changes in strategy from the new management.

Oddo BHF also raised its target from 4.6 to 5 euros while maintaining its 'buy' opinion, while Credit Suisse raised its target from 3.5 to 4 euros while remaining 'neutral'.

© 2020,

Categories Tech

Leave a Comment