BofA analyst Didier Scemama lowered the firm’s price target on Ericsson to SEK 47 from SEK 54 and keeps an Underperform rating on the shares. The firm further cut estimates reflecting pushed out recovery.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ERIC:
- Communication equipment stocks slump after Nokia, Ericsson warnings
- Ericsson sees Q3 EBITDA margin in line or slightly higher than Q2
- Ericsson reports Q2 EPS (SEK 0.21) vs. SEK 1.35 last year
- Cradlepoint Announces 5G SASE Strategy for Cellular and Hybrid WAN Security
- ERIC Earnings this Week: How Will it Perform?