Barclays raised the firm’s price target on Ericsson (ERIC) to SEK 70 from SEK 55 and keeps an Underweight rating on the shares. The firm increased revenue and margin estimates post the company’s Q3 report. However, its structural view is unchanged as it still sees downside risk for Ericsson.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ERIC: