Ericsson: Liberum a buyer with group's 5G investments
(CercleFinance.com) - Liberum has reiterated its "buy" rating on the Ericsson stock, along with its target price of 90 Swedish kronor, believing the company to be "well positioned to be the biggest beneficiary of this investment cycle, given the possibility of share gains outside China".
"Management is executing well and it seems highly likely that Networks will be at least at the high end of the new 2020 targets set last year," the broker believes.
Liberum expects to increase its estimates further, as in recent quarters. "The stock is also relatively defensive in an uncertain macro-economic environment," the broker adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Management is executing well and it seems highly likely that Networks will be at least at the high end of the new 2020 targets set last year," the broker believes.
Liberum expects to increase its estimates further, as in recent quarters. "The stock is also relatively defensive in an uncertain macro-economic environment," the broker adds.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.