Ericsson : Downward revision to our forecasts and our target price to SEK 95 (vs SEK 100) - Neutral recommendation reiterated
>Neutral recommendation maintained, 2020 and 2021 forecasts lowered by 8% and 5%, and target price cut to SEK 95 (vs SEK 100) - Ahead of the Q3 2020 publication on 21 October, we have lowered our forecasts for 2020 and 2021 EPS by 8% and 5% and our target price to SEK 95 (vs SEK 100). Whilst Nokia has encountered many difficulties (risky technological choices which have taken time to remedy, market share losses, etc.), Ericsson now has a far more solid profile than No...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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