Nokia price target raised to $8 from $7.10 at JPMorgan

JPMorgan raised the firm’s price target on Nokia (NOK) to $8 from $7.10 and keeps an Overweight rating on the shares. The firm says Nokia is its preferred name in European commutation equipment due to its artificial intelligence growth potential. Nokia has AI exposure which could enable it to grow sales by close to mid-single digits and earnings by mid teens, the analyst tells investors in a research note.