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Fly News Breaks for July 21, 2016
ERIC
Jul 21, 2016 | 09:11 EDT
As reported previously, UBS downgraded Ericsson to Neutral from Buy. The firm cited a lack of revenue stabilization in Q2 and little management commentary stating it would change. UBS also cited negative industry trends, which will provide a structural headwind. leaving the firm seeing cost cutting as the only way of generating solid returns.
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