Analyst Insights: Rackspace Hosting, Cabot Oil & Gas, Nokia April 9th

Nokia Corporation (NYSE:NOK): Canaccord’s checks indicate weak Symbian sales and a slow ramp in Windows smartphones. The firm expects 2012 to remain a challenging transitional year for Nokia and lowered estimates ahead of its Q1 earnings report. Shares are Hold rated with a $5 price target.

Rackspace Hosting, Inc (NYSE:RAX): Benchmark Co. believes the OpenStack Conference & Design Summit from April 16-20 in San Francisco could be a positive catalyst for Rackspace. The firm raised its price target for shares and reiterates a Buy rating on the stock.

Cabot Oil & Gas Corporation (NYSE:COG): Canaccord reiterated Cabot as a favorite gas-weighted pick following the minor Marcellus Shale production outage. The firm sees a minor impact and reiterates its Buy rating and $66 price target.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.