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Nokia Slips as Goldman Loses Conviction Amidst Telco Spend Slowing

Shares of Nokia (NOK) are down 17 cents, or over 3%, at $4.92, in the wake of yesterday’s negative pre-announcement by competitor Ericsson (ERIC), which indicated weakness for telecom equipment in some markets, especially emerging economies. Goldman Sachs’s Alexander Duval this morning cut his rating on Nokia shares to Buy from “Conviction Buy,” and cut his […]
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