Goldman Sachs analyst Alexander Duval downgraded Nokia (NOK) to Neutral from Buy with a price target of $3.40, down from $5.10. The firm has lowered confidence in Nokia’s product roadmap and competitive positioning following the recent announcement that AT&T (T) no longer plans to use Nokia in its future wireless deployments as the carrier aims to switch to ORAN based networks now largely be supplied by Ericsson (ERIC).
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