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Oppenheimer raises Nokia to outperform rating with $12 target price

Analysts are increasingly expressing confidence in Nokia's strategical direction and management. Oppenheimer has just raised its ratings on Nokia stock to outperform from perform with a $12 price target. Read what the analysts have to say about Nokia's future performance, below. Nokia Networks: We’re increasingly confident Nokia’s Networking segment could maintain operating

Oppenheimer says Nokia may sell 8-9 million smartphones in Q4.Raises revenue estimates and maintains “perform” rating.

Based on their checks, Oppenheimer & Co.’s has  said that Nokia’s entire line of smartphones, not just Lumia, are seeing “decent demand,” and can produce sales of 8 million or 9 million units this quarter. They also reiterate a “Perform” rating on shares of Nokia and raise his estimates for the company’s current quarter