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Fly News Breaks for March 2, 2020
Mar 2, 2020 | 09:05 EDT
Northland analyst Tim Savageaux initiated coverage of Nokia with an Outperform rating and $6 price target. It is fair to consider whether Nokia would be worth more in a breakup scenario, Savageaux tells investors in a research note. The analyst points out that Nokia's shares and fundamentals have significantly underperformed "more focused peers" despite sharing similar tailwinds from ramping 5G and fiber builds.