Nokia: the decline to where? – Direct Exchange

Victim of a wave of recent deterioration of analysts following its warning on results last week, Nokia fails to turn its head … The title falls by 1.5% this Tuesday to 3.25 euros , while Credit Suisse has returned from 'outperform' to 'neutral' with a target price reduced from 5.70 to 3.85 euros on the record.

After diving 23% last Thursday, the title of the telecom equipment manufacturer remains under pressure. JP Morgan, Barclays, DZ Bank, AlphaValue have notably lowered their recommendation on the record … All the analysts put forward the cost problems of the Scandinavian group. Mirabaud notes that Rajeev Suri, the boss of Nokia, has implicitly "admitted a big mistake on the path of technology regarding his choice of chipset". In the same vein, Citi claimed that Nokia "must provide a more cost-competitive 5G chipset by 2020 to meet its revised margin targets." The title moves to the lowest since 2013 on the financial markets …

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