Ericsson downgraded to Sector Perform from Outperform at RBC Capital RBC Capital downgraded Ericsson on expectations the company's margins may peak this year. The firm has a $14 price target for shares.
Ericsson trades down 2.9% following Q3 earnings report Before the open this morning, Ericsson reported Q3 non-IFRS EPS SEK 1.11 vs. SEK 1.31 last year. The company reported Q3 revenue SEK 57.6B vs. SEK 53.0B last year. Shares ended the day down 2.9% to $11.47.