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Fly News Breaks for May 8, 2015
ERIC
May 8, 2015 | 09:12 EDT
As previously reported, BofA/Merrill upgraded Ericsson to Buy from Underperform. The firm upgraded shares citing material underperformance and negative sentiment and sees future drivers to be a recovery in U.S. capacity spend, potential cost savings, share gains in China, and a return of royalty revenues from Apple (AAPL) in the next 12-24 months. Price target raised to $13.50 from $11.08.
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