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
|Feb 2016||Bank of America||Downgrades||Buy||Neutral|
|Jan 2016||Argus Research||Upgrades||Hold||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.