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Nokia and Ericsson Stocks Slump on Analyst Warning

Por: MarketWatch Business January 19, 2024

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His new target for Ericsson’s is 55 krona, down from 65 SEK. Shares are off 3.8% to 61.67 SEK on Friday. For ’s Finland-listed shares, his new target is 3 euros, down from €4.60. The stock in Helsinki is down 2.1% to €3.13. In U.S. trading, American depositary receipts of Ericsson and Nokia are down 4.5% and 2.3%, respectively. The analyst also sharply reduced estimates on both companies. Zhou points out that telecom equipment vendors... + full article



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