UBS Cuts Ericsson To Hold On Q2 Sales Slump

Tech Trader Daily
By Teresa RivasJul 21, 2016, 3:48 pm108 pts
UBS’s Gareth Jenkins downgraded Ericsson (ERIC) on Thursday, writing that while the stock is cheap, industry trends are still difficult. Jenkins lowered his rating from Buy to Hold, writing that while his bullish thesis was based on vendor revenue outperforming capex, that hasn’t materialized. He writes…

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