Walt Mossberg – For iPad and Mobile Devices, a “Port” out of the Norm
Goldman Sachs analyst Tim Boddy today upped his rating on Nokia (NOK) to Neutral from Sell, asserting that emerging market risks to the story are now better understood, earnings estimates and guidance are now more realistic, and products risks “are starting to reduce.” In a research note, Boddy asserts that while macro uncertainty remains high, “Nokia’s ‘survivorship premium’ is likely to expand if the outlook worsens further.”
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