$Nokia Oyj(NOK)$ Jefferies upg

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$Nokia Oyj(NOK)$ Jefferies upgraded Nokia to a 'Buy' rating. They raised their price target from €10.70 to €13.80. The report notes that Nokia's collaboration with hyperscalers is expanding across its entire optical portfolio, and momentum in the IP networking segment is currently being driven by a new switch order from a major cloud player. The analyst believes this order momentum should lead to stronger growth and margin expansion in 2027 and 2028 than previously forecast, which should support further share price gains. His estimates were also raised, now projecting 2027 EPS to be 16 percent above the consensus forecast.

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