ERIC d/g Underweight @ MS pt $9
ERIC d/g Underweight @ MS pt $9
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Morgan Stanley downgrades Ericsson to underweight on margins and AI gap
Morgan Stanley downgraded Ericsson to “underweight” from “equal-weight”, citing shrinking North American revenue, falling margins, and Ericsson’s lack of direct AI exposure versus peers. The broker cut its PT by 5% to SEK 90 and expects lower earnings, projecting flat RAN demand as telcos stay conservative on mobile ca