MKM Says 'Aggressively' Load Up on Nokia Shorts Following Rally
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
|Jan 2015||Goldman Sachs||Reinstates||Buy|
|Nov 2014||Raymond James||Downgrades||Market Perform||Underperform|
|Sep 2014||Canaccord Genuity||Maintains||Buy|
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