Nokia: RBC Cuts Estimates, Target; Write-Down Coming?
Can things get worse for Nokia (NOK)? RBC Capital Markets’s Mark Sue thinks so, reiterating a Sector Perform rating on the shares and cutting his price target this morning to $3.50 from $5, writing that the company may have to write down some inventory of its current “Lumia” phones, designed with Microsoft (MSFT), because the [...]
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