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Fly News Breaks for April 22, 2016
ERIC
Apr 22, 2016 | 07:23 EDT
Cowen analyst Paul Silverstein downgraded Ericsson to Market Perform from Outperform. The analyst cited another operating disappointment, the need for additional restructuring, and no meaningful improvement in sight. Cowen lowered its price target to $7 from $11 on Ericsson shares.