Nokia Oyj stock slides in Helsinki as Kepler upgrade bounce fades ahead of Jan. 29 results
Nokia shares fell about 4% to 5.534 euros in Helsinki on Thursday, reversing part of Wednesday’s gain after Kepler Cheuvreux upgraded the stock to “buy” and raised its target price to 6.60 euros. Another broker maintained a bearish stance. Investors await Nokia’s Jan. 29 earnings for updates on margins and cash flow. In U.S. trading, Nokia’s ADRs dropped 3.3% to $6.57.