HELSINKI, Nov 12 (Reuters) - ING Barings said on Friday it had raised its 12-month target prices for telecom equipment groups Nokia and Ericsson to 125 euros from 110 euros and to 425 Swedish crowns from 375 crowns respetively.
ING analyst Stephen Vrolijk told Reuters the the target price for Nokia represented a valuation of around 40 times projected 2001 earnings and Ericsson's a valuation of around 36 times 2001 earnings.
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[FN] [SW] [E] [FI] [NORD] [WEU] [EUROPE] [SE] [TEL] [RCH] [LEN] [RTRS]
[NOK1V.HE\c] [LMEb.ST\c]
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Friday, 12 November 1999 12:28:27
RTRS [nL1250622]
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ING analyst Stephen Vrolijk told Reuters the the target price for Nokia represented a valuation of around 40 times projected 2001 earnings and Ericsson's a valuation of around 36 times 2001 earnings.
For related news, double click on one of the following codes:
[FN] [SW] [E] [FI] [NORD] [WEU] [EUROPE] [SE] [TEL] [RCH] [LEN] [RTRS]
[NOK1V.HE\c] [LMEb.ST\c]
For related price quotes, double click on one of the following codes:
Friday, 12 November 1999 12:28:27
RTRS [nL1250622]
MORE