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Nokia +3.3% on Jefferies upgrade

Citing improved IP monetization potential following the sale of its phone unit to Microsoft, Jefferies has upgraded Nokia ( NOK +3.3% ) to Buy, and upped its PT to €7.41 ($10.11). The firm upgraded Nokia in Hold to September, after the Microsoft deal was originally announced. Jefferies' move comes after Nokia announced it will use some of its Microsoft proceeds to redeem €800M worth of debt …