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


To: Jay Parekh who wrote (434)12/3/1997 10:20:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 34857
 
Ouch. $75 now. Merrill Lynch downgraded both Nokia and Ericsson from buy to neutral. Not good for sentiment. But, it's certainly looking quite attractive here, and if you choose to hold on, some analysts have price targets of between $110 and $121 for 12 month targets.

DK



To: Jay Parekh who wrote (434)12/3/1997 10:58:00 AM
From: Dwight E. Karlsen  Respond to of 34857
 
Also today: RESEARCH ALERT-CSFB not downgrading Nokia,Ericsson

HELSINKI, Dec 3 (Reuters) - Credit Suisse (CSGZn.S) First Boston (CSFB) telecoms analyst Kevin Brau said on Wednesday he was not about to downgrade telecoms equipment makers Nokia(NOKSa.HE) of Finland or Ericsson(LMEb.ST) of Sweden.

''I am ... not downgrading. To me this is a real buy opportunity,'' he told Reuters by telephone, referring to both stocks.

CSFB's recommendation on both stocks is buy.
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That's real nice of CSFB to do this.