Why Nokia (NOK) Stock Finished Up Today

NEW YORK (TheStreet) -- Nokia (NOK) shares closed trading up 5.1% on Wednesday following an upgrade to "buy" from "hold" by analysts at Jefferies (JEF) today.

The firm increased the company's rating citing potential intellectual property deals in the near future as a reason for the upgraded outlook.

Jefferies raised the company's price target to $10.31 from $7.32.

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