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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (16984)	11/29/2001 2:24:22 PM
From: Eric L	Read Replies (1) \| Respond to of 34857

re: Analysts on Nokia >> Market Report -- Short Stories (NOK, EPS, AMRO, CIBC) November 28, 2001 Briefing.com Nokia (NOK) 22.68 -1.04: -- Before Open -- NOK's upbeat analyst meeting prompted mixed reviews from analysts. * UBS Warburg raises their 2002/2003 EPS estimates as well as their price target (to $27 from $22) on Buy-rated NOK; sees long-term value in stock although near-term upside is limited. * Lehman Brothers emerged encouraged by NOK's outlook and finetune their 2002 EPS estimates up; Lehman rates NOK a Buy on its long-term positioning as a wireless leader and near-term visibility. * Soundview also raises their 2002 EPS estimates and recommends investors Buy NOK at these levels. Other firms were less friendly to mgmt's upward guidance: Merrill Lynch maintains their Neutral opinion on the stock and reminds investors "NOK's previous outlook for 2001 has been less than stellar - they've missed targets on 4 different occasions;" Merrill sees a difficult Q1 2002 for NOK. * ABN AMRO maintains their forecasts of a 3% decline in the handset market as opposed to NOK's views of flat to slightly up. * CIBC believes shares may be somewhat extended and advises investors to buy at lower levels; CIBC rates NOK a Buy. << - Eric -