Nokia on Sunday announced plans to change its brand identity for the first time in nearly 60 years, which includes a new logo, as the company makes a strategic shift.

Our fair value estimate for Nokia is $6.60, based on the April 20, 2023 exchange rate of EUR 1.10/USD. Our fair value estimate implies an EV/EBITDA multiple of 9 and a P/E multiple of 17 on our ...