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 Bank International AG - Institutional Equity
Raiffeisen Bank International AG - Institutional Equity

The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.

The Institutional Equity Research team consists of roughly 15 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.

Other Reports on these Companies
Other Reports from Raiffeisen Bank International AG - Institutional Equity

ResearchPool Subscriptions

Get the most out of your insights

Get in touch