Ericsson's Analyst Day Reaffirms Turnaround and Provides Growth Plans; Keeping SEK 66 FVE
No-moat Ericsson's Nov. 8 analyst day focused on reaffirming its turnaround progress and strategic vision toward 2022. Ericsson expressed that the business stabilized after large restructuring efforts, returned to profitability, and is now prepared for a growth phase. As one of the leaders in telecommunication infrastructure, we view Ericsson as a main benefactor of 5G and "Internet of Things" network rollouts. In our view, more antenna systems with management software and services, from firms l...
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