Market Overview

MKM Says 'Aggressively' Load Up on Nokia Shorts Following Rally

Related NOK
What Is Slush 2014 And Why Is Nokia Dominating The Event?
U.S. Markets Recover From Early-Day Losses As Japan's Economy Contracts
Deutsche Bank Cuts Microsoft to 'Hold' (Fox Business)

MKM Partners' Micahel Genovese told investors to use strong performance in Nokia (NYSE: NOK) over the last two trading sessions to "aggressively" load up on shorts.

Genovese believes Nokia's positive Q4 guidance given on Thursday morning demonstrate a loss of market share in the Windows Phone ecosystem. The analyst believes this trend will continue.

MKM maintains a Sell rating and $2.50 price target on shares of Nokia.

Latest Ratings for NOK

DateFirmActionFromTo
Nov 2014Raymond JamesDowngradesMarket PerformUnderperform
Sep 2014Canaccord GenuityMaintainsBuy
Jun 2014Raymond JamesUpgradesMarket Perform

View More Analyst Ratings for NOK
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings

 

Related Articles (NOK)

Around the Web, We're Loving...

Get Benzinga's Newsletters