Ericsson: Liberum still a buyer, raises target price
(CercleFinance.com) - Liberum reaffirms its "buy" rating on the Ericsson share, while raising its target price from 101 Swedish kronor to 115 Swedish kronor, in the wake of improved forecasts based on stronger network growth prospects.
The broker expects the Scandinavian telecom equipment manufacturer to see strong growth and improvements in its gross margin in its network business in the second half of 2020 and 2021.
The group says that "Key drivers are rising deployments and increasing gross margins in China, stronger US deployments especially at T-Mobile, and some further market share gains in Europe".
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The broker expects the Scandinavian telecom equipment manufacturer to see strong growth and improvements in its gross margin in its network business in the second half of 2020 and 2021.
The group says that "Key drivers are rising deployments and increasing gross margins in China, stronger US deployments especially at T-Mobile, and some further market share gains in Europe".
Copyright (c) 2020 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.