Analysts: Nokia’s Deal Offers Benefits and 3 Other Research Notes to Explore
Nokia (NYSE:NOK): Deutsche Bank upgraded Nokia from Sell to Hold after the company sold its devices and services business to Microsoft (NASDAQ:MSFT). Deutsche Bank sees “material expected benefits” to Nokia’s earnings from the deal.
Corning (NYSE:GLW): Oppenheimer downgraded Corning to Perform from Outperform after its channel checks indicated a supply glut is building in both glass and display modules due to reduced demand for TVs.
Williams-Sonoma (NYSE:WSM): Canaccord downgraded Williams-Sonoma to Hold from Buy due to margin concerns as a result of slowing sales momentum and aggressive promotions. Their price target on the shares is $59.
Key Energy (NYSE:KEG): Barclays upgraded Key Energy to Overweight from Equal Weight based on increased confidence in the U.S. land market recovery in the second half of 2013 and an improved long-term outlook for its Mexico operations. Their price target on the shares has been raised to $10 from $7.