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Fly News Breaks for October 25, 2016
ERIC
Oct 25, 2016 | 05:37 EDT
JPMorgan analyst Sandeep Deshpande downgraded Ericsson to Neutral saying the company's network sales trends are worsening. Cost cutting is not helping so Ericsson needs a new strategy with the planned appointment of a new CEO, Deshpande tells investors in a research note after the company's Q3 results. He believes a substantial dividend cut is likely and has a $5.40 price target for the shares.
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