Nokia: down after Morgan Stanley's analysis – Boursorama

(CercleFinance.com) – The stock is down nearly 1% after Morgan Stanley's analysis. The analytics office initiates a follow-up of Nokia with an advice 'weighting online' and a target price of 3.70 euros, in a joint note on the Finnish telecom equipment supplier and his Swedish peer Ericsson.

'We see the two titles at opposite ends of their respective restructuring plans,' says the broker, for whom 'Ericsson has an opportunity to push the advantage over Nokia, given the 5G cost issues'.

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