Nokia Faces Price Target Reduction by Morgan Stanley, Maintains Equal Weight Rating

Morgan Stanley has reduced Nokia's price target from EUR 4.50 to EUR 4.20, but maintains its Equal Weight rating. The firm monitors Nokia's performance in the competitive telecom sector. Nokia's diversified business model caters to telecom carriers, enterprises, and technology firms globally. The company's financial health presents a mixed picture, with strengths and concerns including revenue growth, profitability, and balance sheet strength. Nokia's business performance is characterized by strategic focus on innovation and market adaptation. The company's valuation metrics provide insights into its market positioning, with potential undervaluation indicated by P/E, P/S, and P/B ratios close to their 1-year lows.