As previously reported, Exane BNP Paribas analyst Stefan Slowinski downgraded Ericsson (ERIC) to Neutral from Outperform with a SEK 70 price target. Ericsson has a "complicated" Q4 set-up with multiple one-offs, said Slowinski, who prefers Outperform-rated Nokia (NOK) given his view that Ericsson’s catalysts are "drying up."
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ERIC:
- Ericsson downgraded to Neutral from Outperform at Exane BNP Paribas
- Ericsson provides long-term targets and strategy on 2022 Capital Markets Day
- Ericsson to hold capital markets day
- Ericsson extends Independent Compliance Monitor with DOJ
- Ericsson subsidiary to divest local customer support business in Russia