Market Overview

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

Share:
Related NOK
Tesla's Gigafactory: Are Other Auto Manufacturers About To Experience Their 'Blackberry Moment?'
Benzinga's Top Upgrades
Why Microsoft Gave Up On Selling Cheap Lumia Phones (Seeking Alpha)

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
May 2016CLSAUpgradesUnderperformOutperform
May 2016Canaccord GenuityUpgradesHoldBuy
May 2016Bank of AmericaUpgradesNeutralBuy

View More Analyst Ratings for NOK
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings

 

Related Articles (NOK)

View Comments and Join the Discussion!