On September 4, Nokia Oyj rose 3.02% in regular trading, trading at $10.0199/share, with turnover of $72.80 million. The stock was propelled higher by a confluence of positive catalysts spanning a major analyst upgrade and a new commercial contract.

On the news front, Morgan Stanley significantly upgraded Nokia's European-listed shares from Equal Weight to Overweight and raised the target price from EUR 4.2 to EUR 6.5, representing a roughly 55% increase. Simultaneously, New Zealand independent tower company Connexa selected Nokia as its network operations center partner, covering more than 2,500 sites across the country. The dual catalysts drove buying momentum throughout the session.

Additionally, Nokia has confirmed it will rejoin the Euro STOXX 50 blue-chip index on September 21, replacing Volkswagen, following the annual review by index compiler Stoxx. The index inclusion is expected to attract sustained passive fund inflows ahead of the effective date. The company also recently partnered with BeeHealthy on network-based verification for digital healthcare and opened a new AI-focused R&D center in Riyadh, Saudi Arabia.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)