NOK stock expected to soon reach 230-> USD
<< Nokia exceeded expectations for 1999, and the company also looks positively at the future, writes 'Computer Sweden'. The paper has talked to a couple of telecom-analysts:
'The high expectations where fulfilled again, and there is not much that can prevent the stock from reaching 2000 SKR (230-> USD) in a near future', says an agent at Handelsbanken Bank. 'A strong product range, a strong leadership, and continued good profitability will continue to drive the stock up', says an agent at Aros Securities Nordic Investment Bank.>>
Source: STOCKHOLM, Ticker Newsagency, 2000-02-03 09:30
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Salomon Smith Barney has raised the target rate for Nokia to 250 EUR (243 USD) (STOCKHOLM, Ticker Newsagency 2000-02-02)
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Prudential has raised the recommendation from 'increase' to 'strong buy'. Target rate is raised from 192 USD to 230 USD.
(STOCKHOLM, Ticker Newsagency 2000-02-02)
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