Citi analyst Jim Suva announced his top 2023 stock picks in the telecom equipment sector. He prefers companies with a "large and unique" backlog over those with consumer electronics exposure. This is on the view that 2023 will see a slowdown and possible recession, with higher costs for consumers resulting in less disposable income, Suva tells investors in a research note. His top picks for 2023 are Keysight Technologies (KEYS), Motorola Solutions (MSI), Arista Networks (ANET) and Ciena (CIEN). Suva’s Sell-rated stocks are Cisco Systems (CSCO), CommScope (COMM) and HP Enterprise (HPE).
Published first on TheFly
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