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.
News For ERIC From The Last 14 Days
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Ericsson contract with MTS upped to exceed $1.5B, Reuters says Russia's MTS said that it had raised the value of its contract with Ericsson to exceed $1.5B, reported Reuters. MTS noted that it agreed to an extra $286M contract with the Swedish company for the broadening and modernization of its 2G, 3G and LTE networks throughout Russia. Reference Link