A major US bank downgraded Fortum’s share recommendation to “sell”

American major bank Goldman Sachs downgraded the popular Fortum stock to “sell”, reports the news agency Reuters on Friday. Energy company Fortum’s share price was down about three percent around noon on Friday.

Goldman Sachs lowered the rating from “neutral” to “sell” based on the stock’s limited upside potential and weaker earnings and investment expectations, writes Reuters.

The general index of the Helsinki Stock Exchange was up by more than 0.2 percent at midday on Friday. The index was close to 10,000 points.

At the top of Friday’s exchange was Nokia, whose share was up by a good one percent after half past one. Nokia said on the night between Thursday and Friday that it will buy the US semiconductor company Infinera for $2.3 billion.