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Fly News Breaks for January 27, 2020
Jan 27, 2020 | 06:08 EDT
Kepler Cheuvreux analyst Sebastian Sztabowicz upgraded Ericsson to Buy from Hold with an unchanged price target of SEK 92. Despite short-term headwinds, Ericsson looks well on track to grow by 4%-5% like for like over 2020 through 2022 with strong free cash flow generation, Sztabowicz tells investors in a research note. The analyst says that while the shares have dropped 20% from its May peak, the company's outlook remains attractive for the coming years.