Nordea, a financial services company, has turned even more optimistic on Nokia, and have upgraded the companyâ€™s shares from Buy to Strong Buy.
He set a price target of 4 Euro for the stock, up from its current price of around 3 Euro.
The analyst believes the Nokia Lumia 820 and 510 will boost the companyâ€™s shipments, and expects Nokia to show off a number of products, including a flagship model for Verizon.
Nordea also expects Nokia to break even in the middle of 2013.
Read more at Streetinsider here.
Thanks Tom for the tip.