Cowen analyst Paul Silverstein raised the firm’s price target on Ericsson (ERIC) to $10 from $8 and keeps an Outperform rating on the shares. The analyst revised his estimates ahead of the company’s Q4 earnings call to reflect recent developments including renegotiation of the Apple (AAPL) IPR contract provision, divestiture of IoT business to Aeris, divestiture of Russia customer support business and commentary from the company’s Capital Markets Day.
Published first on TheFly
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