(CercleFinance.com) – Nokia lost nearly 3% in Paris while Credit Suisse maintained its ‘outperformance’ rating on the stock, with a reduced price target, dropping from 5.61 to 5.4 euros.
The analyst said he was lowering his revenue estimate for FY23/24 by 1%, and reducing his expectations for comparable EBIT by 1 to 7%, given the March results and the outlook for FY23.
“We believe that Nokia’s previous market share loss in the North American RAN market and the potential of its NI division puts Nokia in a better position than Ericsson to weather the headwinds in the wireless market.” , nevertheless indicates the analyst in substance.
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