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Friday, Jun 15
2012, 11:19 AM
Nokia (NOK +4.3%) bounces a little following yesterday's huge selloff as M&A speculation...
Nokia (NOK +4.3%) bounces a little following yesterday's huge selloff as M&A speculation grows, and Oppenheimer upgrades shares to Perform. The firm argues Nokia's woes are now priced in, and that staying short is "risky" until the impact of Windows 8 on the company's prospects comes into focus in Q4. The rally comes even though Moody's is downgrading Nokia's debt rating to Ba1 (junk) from Baa3 with a negative outlook. (more on NOK)