Nokia stock rises after Hisense patent deal ends litigation; investors watch next moves
Nokia shares rose 1.1% to 5.63 euros Friday after the company signed a multi-year patent licence deal with Hisense, ending all litigation between them. Kepler Cheuvreux upgraded Nokia to “buy” and raised its target price, citing signs of stabilization in the network equipment market. Nokia’s ADRs edged higher in U.S. premarket trading. Investors await Nokia’s full-year results on Jan. 29.