Market Overview

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

Share:
Related NOK
Cramer Shares His Thoughts On KeyCorp, Novocure, Nokia And Cisco Systems
Why Was Nokia Cautious On Next-Quarter Network Sales?
Yellen Might Put U.S. In A Recession - Cramer's Mad Money (2/11/16) (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
Feb 2016CLSADowngradesBuyUnderperform
Feb 2016Bank of AmericaDowngradesBuyNeutral
Jan 2016Argus ResearchUpgradesHoldBuy

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!

Get Benzinga's Newsletters