Credit Suisse Cuts Ericsson To Sell; Sees Risk To 2016-2017 Sales

Tech Trader Daily
By Teresa RivasDec 1, 2015, 9:38 am163 pts
Ericsson (ERIC) is lower Tuesday, following a downgrade from Credit Suisse. Analyst Kulbinder Garcha and team cut their rating on the stock to Underperform from Neutral, writing that their analysis of global wireless capital expense shows spending will fall 3% next year and 4% in 2017. This will create…

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