Nokia (NOK) is cut to Equalweight at Barclays and its price target reduced to $4 from $8, with...


Nokia (NOK) is cut to Equalweight at Barclays and its price target reduced to $4 from $8, with the analysts saying the deterioration in its core mobile phone business is significantly worse than anticipated. Shares -1.9% premarket.

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Comments (7)
  • Ben Around
    , contributor
    Comments (125) | Send Message
     
    Every now and then I find myself reading some of these analysis and forget they are making a guess, just like us mortals.

     

    I like Nokia, they are hurting me at the moment. But I GUESS they will recover and be back to my new breakeven, which I lowered by buying some sub 4.50 shares the past 2 days.

     

    But I GUESS a price target of $4.00 is over kill.
    13 Apr 2012, 09:35 AM Reply Like
  • jjmc2001
    , contributor
    Comments (1357) | Send Message
     
    Thanks to Barclay's for telling us to close the barn door after the horses have already escaped.
    13 Apr 2012, 09:37 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11171) | Send Message
     
    Nokia will see a $1 handle by Christmas.

     

    Then MSFT will scoop up the company for a song.
    13 Apr 2012, 09:53 AM Reply Like
  • mitrado
    , contributor
    Comments (2033) | Send Message
     
    So... they lower the price target to the double of it's current price!? And call it a Downgrade!? WTF!?

     

    At the same time, after I've saw so many announcements of Upgrades on Google, I've sold it at the open 647,47 ... and the stock went down.

     

    So... Upgrades means the stocks will fall... and Downgrades mean they can double!? These ratings are so twisted... how can anyone care about them!?
    13 Apr 2012, 11:45 AM Reply Like
  • KIA Investment Research
    , contributor
    Comments (13167) | Send Message
     
    No, they lowered it to $4 from $8.

     

    But it's strange how much of these analysts' wisdom is post stock movement. Reminds me of weathermen...

     

    *looks outside* - it's raining.
    Weatherman: "Today we will have rain."
    13 Apr 2012, 12:05 PM Reply Like
  • mitrado
    , contributor
    Comments (2033) | Send Message
     
    Ah, I was a bit dyslexic. Sorry. That makes more sense, indeed...
    Even so, doing it after the news is just pointless, isn't it?
    Also... this extra slide of the shares seems kind of manipulated. I have a small bet on Nokia. Not worried if I lose it all, but I hope to double or even triple my money (in the next 5 years or so).
    13 Apr 2012, 12:23 PM Reply Like
  • mr wonder
    , contributor
    Comments (574) | Send Message
     
    Why o why would Barclays, Goldman Sachs or any other giant money grabbing bank, spread the world over with sincere good advices. Only thing what is on big banks mind is maipulating the market so they make huge amounts of cash by trading (buying cheap and sell expensive)... It is their full profession to create ridiculous bear rumours and sell advices, to start buying afetr rates drop.
    13 Apr 2012, 03:04 PM Reply Like
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