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Fly News Breaks for May 24, 2019
ERIC
May 24, 2019 | 07:15 EDT
Credit Suisse analyst Achal Sultania upgraded Ericsson to Outperform from Neutral, saying a detailed CapEx analysis at leading telcos globally suggests that 5G will prove to be a longer and better upgrade cycle. In a research note to investors, Sultania says that this, combined with Ericsson's "solid" Radio positioning and FX tailwinds, leads him to believe that Ericsson can materially exceed its targets and consensus for 2020.
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