Nokia upgraded from a sell to a hold

Nokia’s share price has taken a tremendous beating this year, but analysts are finally seeing some light at the end of the tunnel.
Nomura Securities has upgraded Nokia from “reduce” to “neutral” after the company has shown increasing confidence in executing its product plan this year.
“We are upgrading Nokia to Neutral after raising our estimates to reflect a likely stronger-than expected Q3 [third quarter] and solid Q4. In addition, we expect new Windows Phone launches to feature at October 26th‘s Nokia World event and that Microsoft supported advertising will build shortly after,” Nomuraa analyst Stuart Jeffrey said.
He has however obviously not come around fully yet, showing little confid... »read more

More at: WMPoweruser Add additional source