Nokia’s Raised Target Fails to Convince Investors Seeking More
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Nokia Oyj’s raised earnings target failed to convince investors seeking support for a stock that had gained about 25 percent in six months, underlining the challenge faced by Chief Executive Officer Rajeev Suri.
Adjusted operating profit at the wireless-network unit, which makes up about 90 percent of Nokia’s sales, is targeted at 8 percent to 11 percent of revenue long term, the Espoo, Finland-based company said today. Analysts on average predict