(CercleFinance.com) – Nokia climbs more than 4% on OMX, helped by Liberum which raises its recommendation to ‘keep’ to ‘buy’ on the title of the Finnish telecoms equipment manufacturer and increases its price target by 3 , 3 to 5.5 euros, considering the valuation as ‘attractive’.

‘Nokia’s quarterly goodies and signs of stronger contract momentum suggest the group is at an inflection point, especially in mobile networks,’ he said, adding that the technology gap with Ericsson ‘seems to be shrinking’.