Despite the fact Nokia (NYSE:NOK, HEL:NOK1V) is still largely considered as a high risk stock, during this autumn many of the North European banks have gradually upgraded their ratings and target prices. According to Danske Bank analyst Ilkka Rauvola, the outlook for 2013 is improved based on demand for Microsoft’s Windows Phone 8 based devices and stronger-than-expected early results for the Lumia 920. Hannu Rauhala from Pohjola Bank said that they upgraded the rating based on calculating the sum-of-parts for the year 2013, excluding the value of patents, and assuming the Device and Services unit does not make any profit.
| Analyst Firm | Rating * (Previous) |
Target Price (Previous) |
Date (Previous) |
| ABG Sundal Collier | Buy (Buy) |
5.00€ (2.50€) |
3rd Sep (18th June) |
| Carnegie | Buy (Hold) |
2.90€ (2.50€) |
19th Oct (n/a) |
| Danske Bank Plc | Buy (Sell) |
2.90€ (n/a) |
22nd Nov (n/a) |
| Evli Bank Plc | Buy (Buy) |
3.50€ (3.00€) |
19th Oct (13th Sep) |
| FIM | Accumulate (Accumulate) |
3.50€ (3.50€) |
19th Oct (n/a) |
| Jyske Bank | Buy (Buy) |
2,40€ (2.25€) |
19th Sep (21st June) |
| Nordea Securities | Strong Buy (Buy) |
3.00€ (3.00€) |
19th Oct (19th July) |
| Pohjola Bank Plc | Add (Reduce) |
2.80€ (2.10€) |
15th Oct (n/a) |
| SEB | Hold (Hold) |
2.20€ (1.80€) |
19th Oct (n/a) |
| Swedbank | Add (Add) |
2.80€ (2.50€) |
11th Aug (n/a) |
| *) Ratings Definitions can be found from here | |||
