Nokia (NYSE:NOK): Back to basics strategy creates a turnaround opportunity; up to Buy – Goldman

Goldman Sachs analyst Tim Boddy, the long-term Nokia (NYSE:NOK) bear is upgrading the name this morning to a Buy from Neutral with a $12.40 price target, representing 47% upside. Nokia’s stock price is down 80% from 2007 highs as it failed to execute on its strategy of becoming an integrated competitor to Apple and Google. [...]