Nokia upgraded to Strong Buy by analyst


Nordea, a financial services company, has turned even more optimistic on Nokia, and have upgraded the company’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 company’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.