Morgan Stanley Elevates Nokia to Top Pick Citing a Surge in AI Data Center Networking Demand
Morgan Stanley raised its price target on Nokia to €8.50 from €6.50 and upgraded the stock to Overweight, pointing to accelerating spending on cloud and AI data center networks as a key driver. The brokerage sees stronger-than-expected demand for data center connectivity, citing peer results from Ciena, and has increased both its revenue forecasts …