Goldman Sachs: Nokia Is Unlikely To Find Buyer

Investors looking for more good news from Nokia Corporation (NYSE:NOK) were doused instead with a splash of cold reality from Goldman Sachs Group, Inc. (NYSE:GS) – the firm slashed its rating on Nokia Corporation (NYSE:NOK) from Neutral to Sell, and set a price objective of $1.60. The stock is currently trading at $2.34, up 3.52 percent.

Goldman analyst, Simon Schafer’s main reason for the downgrade is the recent bump in the stock price based on heavily publicized insider buying and rumors of a takeover by Lenovo. The stock also rose after its...