1505 GMT - Ericsson's margins could come under pressure next year, JPMorgan's Sandeep Deshpande says in a note. A structural spending increase in networks is unlikely until the build-up to 6G. There is little reason to be more positive on Ericsson's stock, Deshpande says. JPMorgan raises its price target to 70.50 Swedish kronor from 62.50 kronor. It retains a neutral rating. Shares fall 0.6% to 88.52 kronor. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
October 21, 2024 11:05 ET (15:05 GMT)
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