Report

Ericsson Nikola Tesla cut to REDUCE, TP HRK 1,508 - Most of the pros already priced in

We downgrade the stock from HOLD to REDUCE with the TP at HRK 1,508 (vs. previous HRK 1,367)
Bright top line outlook boasted by 5G related investments, but MS revenues deteriorate profit margins
We set the DPS estimate for 2020e at HRK 55, implying a dividend yield of 3.7% at current pricing
Underlying
Ericsson Nikola Tesla d.d.

Provider
Raiffeisen Centrobank
Raiffeisen Centrobank

Raiffeisen Centrobank (RCB) is a leading investment bank in Austria and the CEE region and the competence center for equities of the Raiffeisen Banking Group. The bank covers the entire spectrum of services and products around equities, derivatives and equity capital transactions and is a pioneer and market leader in the field of structured products.

RCB Company Research offers you access to in-depth equity research and the latest news on listed Austrian and CEE companies. The research universe comprises roughly 130 stocks from Austria, CEE and Russia. The Company Research team of RCB consists of roughly 20 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

 

Analysts
Ana Turudic

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