Ericsson downgraded to Reduce from Hold at Kepler Cheuvreux

Kepler Cheuvreux downgraded Ericsson to Reduce from Hold with a price target of SEK 50, down from SEK 52. The analyst sees the RAN market continuing to decline by 4% in 2024 and says visibility will remain low in coming quarters. The firm also believes the 5G cycle has peaked and is not expected to contribute significantly in the near term.