Nokia’s Strategic Shift and Infinera Merger Drive Buy Rating Upgrade
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Janardan Menon has upgraded Nokia's rating to Buy, citing its strategic shift towards AI data centers and growth prospects. The merger with Infinera enhances Nokia's competitive position and expands its customer base among major hyperscalers. The Cloud & Network Services division has improved gross margins due to successful 5G Core implementations. J.P. Morgan also maintains a Buy rating with a €6.10 price target, reflecting confidence in Nokia's transformation and market potential.
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