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

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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
Jun 2014Raymond JamesUpgradesMarket Perform
May 2014Canaccord GenuityMaintainsBuy
May 2014JefferiesUpgradesHoldBuy

View More Analyst Ratings for NOK
View the Latest Analyst Ratings

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