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Analysts are weighing in today on Finnish phone firm Nokia Corporation (ADR) (NYSE:NOK), sports apparel issue Under Armour Inc (NYSE:UA), and fertilizer firm Potash Corp./Saskatchewan (USA) (NYSE:POT). Here's a quick look at today's brokerage notes on NOK, UA, and POT.
- NOK has received a mixed bag of analyst notes in the wake of Thursday's earnings report. While a number of brokerage firms increased their price targets -- including Evercore Partners, which upped its forecast to $9 from $8 -- S&P Capital IQ diverged from the pack by downgrading Nokia Corporation (ADR) (NYSE:NOK) to "hold" from "buy," citing valuation concerns. NOK is off 1.3% at $8.22 this afternoon, just barely north of its year-to-date breakeven level of $8.11. Based on the security's average 12-month price target of $8.45, most analysts aren't banking on the shares to rise much higher.
- UA is paring a portion of Thursday's post-earnings rally, with the shares fractionally lower at $69.48 -- after earlier touching an all-time high of $70.94. Overnight, Canaccord Genuity raised its price target on Under Armour Inc to $80 from $60, with the analysts predicting a continued string of record highs for the stock. There's still room for more brokers to upwardly revise their outlook for UA, as the equity's average 12-month price target is a rather lowball figure of $65.17.
- Canaccord Genuity and Paradigm Capital raised their respective price targets on POT to $34 and $42, bracketing the stock's current price of $36.47. The shares of Potash Corp./Saskatchewan (USA) are up 0.7% at last check, adding to the prior session's post-earnings advance. Though the stock is up nearly 11% year-to-date, most analysts side with Canaccord Genuity when it comes to POT. The security's average 12-month price target stands at $34.66, implying a general expectation for POT to pull back.