Ericsson : Headed for a challenging H1 2023
>Underperform rating maintained, target price lowered to SEK 55 vs SEK 60 - In light of Ericsson’s Q4 2022 results reported last Friday, we have cut our 2023-2024 EPS estimates by 5%, and lowered our target price from SEK 60 to SEK 55. H1 2023 is set to be challenging for Ericsson, for both growth and profitability. The group is up against a phase of inventory reduction by operators due to the worsening macroeconomic outlook and the improvement in supply chain conditi...Ericsson provides communications technology and services. Co.'s services, software and infrastructure – especially in mobility, broadband and the cloud – enable the telecom industry and other sectors to do business, increase efficiency, improve the user experience and capture new opportunities. Co. has more than 110,000 professionals and customers in more than 180 countries. Co. provides support for networks with more than 2.5 billion subscribers. Co.'s core business areas are called Radio, Core and Transmission and Telecom Services. Co. divides its operations into three business segments: Networks, Global Services and Support Solutions.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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