Ericsson : Improvement in margins in the context of a lack of visibility
>Underperform rating reiterated, target price raised to SEK 55 vs SEK 51 - Following the publication of Q2 2024 earnings, we are sticking with our Underperform rating, but have raised our forecasts by an average of 3% for 2024 and 2025, as well as our target price to SEK 55 vs SEK 51. The outlook for a recovery in the telecoms investment market remains uncertain, even though this quarter should be better for Ericsson thanks to the positive impact of the O-RAN contract...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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