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To: 2MAR$ who wrote (56766)	6/10/2002 4:55:26 AM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

RESEARCH ALERT-J.P. Morgan ups Nokia rating LONDON, June 10 (Reuters) - J.P. Morgan has upgraded Finnish telecom equipment maker Nokia <NOK1V.HE> to "market perform" from "underperform," but cut its U.S. price target to $13 from $15, market sources said on Monday. Although Nokia faced substantial challenges in the coming months, its stock was already discounting the worst of a low growth environment, the bank said according to the sources. No one at J.P. Morgan was immediately available for comment. Nokia stock <NOK.N> closed at $12.30 in New York on Friday. The shares ended at 13.04 euros in Helsinki. ((Toni Vorobyova, London Newsroom +44 207 542 2192 fax +44 207 542 2120, uk.equities.news@reuters.com)) For research reports, go to Reuters Broker Research on Reuters Web at rbr1.session.rservices.com. REUTERS * end of story *