Ericsson: UBS downgrades stock

(CercleFinance.com) - UBS has downgraded Ericsson shares from 'neutral' to 'sell', reducing its target price for them from 54 SEK to 51 SEK, with its new target price suggesting 16% downside potential for the telecom equipment supplier's stock.


"OpenRAN poses a long-term threat to Ericsson's wireless equipment market, which we believe the market is not pricing in", the broker summarises.


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