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Fly News Breaks for July 20, 2018
ERIC
Jul 20, 2018 | 06:32 EDT
Raymond James analyst Simon Leopold downgraded Ericsson to Underperform saying he sees 20% downside from current share levels. The stock has "overshot fair value in a difficult environment," Leopold tells investors in a research note. He believes the company will have difficulty achieving its sales and margin targets for 2020. Even if achieved, Ericsson shares look overvalued, Leopold contends.
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