• (PLX AI) – Ericsson's valuation is overly pessimistic at the moment, Danske Bank said, resuming coverage of the stock with buy.
  • • Price target SEK 110 implies 43% upside
  • • The current valuation prices in a record high fine from US authorities, hardly any value added from Vonage, and significant gross margin deterioration, Danske said
  • • The market expects a decline in the gross margin to slightly above 40% from the current 43%, which is too pessimistic: Danske

Quelle: PLX AI