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Nokia Is Simply 'Too Cheap' At Current Prices, Says Nordea Analyst

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Nordea’s Martin Nilsson believes that the current stock valuation of communications and telecom equipment manufacturer Nokia Corp (ADR) NOK 4.01% does not reflect the possibility of the company performing in-line with expectations. The analyst upgraded the rating for the company from Hold to Buy, while raising the price target from €5.6 to €6.

Nokia’s Attractive...