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Fly News Breaks for April 24, 2015
ERIC
Apr 24, 2015 | 08:13 EDT
Cowen said the disappointing Q1 results from Ericsson were due to ongoing weakness in North American. The firm reiterated its Outperform rating, citing beneficial tailwinds from foreign exchange and strong demand in China, India, and the Middle East. Cowen sees a favorable long-term risk/reward in the stock, though it lowered its price target on Ericsson to $12 from $14.
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