UBS has raised its target price for Nokia from €3.55 to €4.00, while keeping a "Neutral" rating on the stock.

Analyst Francois-Xavier Bouvignies noted that Nokia's cost management strategy is helping to counter challenges in the current market environment. The report, published on October 17, 2024, highlights Nokia's effective approach to navigating a difficult landscape, particularly through its efforts in cost control.

Nokia's ability to effectively manage costs has been instrumental in overcoming challenges in the market. By implementing a strong cost management strategy, Nokia has been able to navigate a difficult landscape and maintain a competitive position. This approach has been recognized by UBS, who have raised their target price for Nokia to €4.00. Despite the challenges in the current market environment, Nokia's cost control efforts have positioned them well for future success.