Market Overview

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

Share:
Related NOK
Analyst: iPhone 8 Should Release Pent-Up Demand For Apple
15 Biggest Mid-Day Gainers For Tuesday
Nokia and Infracapital to bring high-speed fiber broadband service to underserved regions of ... (GuruFocus)

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 2017Craig-HallumInitiates Coverage OnBuy
Feb 2017Morgan StanleyUpgradesEqual-WeightOverweight
Jan 2017NatixisUpgradesNeutralBuy

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!