Ericsson shares fall as Morgan Stanley downgrades the stock, citing deteriorating North American earnings, written by

Morgan Stanley downgraded its rating on Ericsson from Equal-weight to Underweight, citing deteriorating earnings in the North American market, and cut its target price to 95.

Full text unavailableWorking from the headline and excerpt

sources corroborateOutlets reporting the same event

companies linkedAcross 0 themes, second pass

The story

Morgan Stanley downgraded its rating on Ericsson from Equal-weight to Underweight on Tuesday. The reported basis for the decision is deteriorating North American earnings.

The firm cut its target price for Ericsson to 95, citing an uncertain outlook for the performance of Ericsson’s North American division. Ericsson is listed on the Swedish market, and the change in rating was reportedly based on profitability in the North American market.

At a glance

Target stockEricsson

Reason for downgradeDeteriorating North American earnings cited as the reason

Target priceTarget price cut to 95

Announcing institutionMorgan Stanley

Reference information. Every claim resolves to something the story actually named.

Where this came from

We read each source in full and checked they agree on the core claim.

1/ 1 agree

All of them report the same thing.

jp.investing.comNews

AgreesOpen

Read the original articleGo to the source page

Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.