DNB Markets analyst Frank Maao downgraded Ericsson to Sell from Hold with a price target of SEK 70, down from SEK 85. The analyst does not see the company’s Q4 results on January 20 as a catalyst as he expects "messy" results. With valuation as the main positive for Ericsson shares, "we find a neutral stance the rational position for 2023," Maao tells investors in a research note.
Published first on TheFly
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