Investors looking for more good news from Nokia Corporation (NYSE:NOK) were doused instead with a splash of cold reality from Goldman Sachs Group, Inc. (NYSE:GS) – the firm slashed its rating on Nokia Corporation (NYSE:NOK) from Neutral to Sell, and set a price objective of $1.60. The stock is currently trading at $2.34, up 3.52 percent. Goldman analyst, Simon Schafer’s main reason for the downgrade is the recent bump in the stock price based on heavily publicized insider buying and rumors of a takeover by Lenovo. The stock also rose after its recent Q2 results, and reports that the company was slowing…
Goldman Sachs: Nokia Is Unlikely To Find Buyer
HFA Staff
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