Ericson: Credit Suisse revises guidance
(CercleFinance.com) - Following its Q3 results, Credit Suisse has trimmed its 2021 sales and EBIT estimates by 1%, primarily due to supply disruptions in Q3 and Q4.
However, it has raised its 2022 sales and EBIT estimates by 1%/2%, while keeping its 2023 estimates largely unchanged.
"We believe ERIC remains on track to benefit from pockets of growth in 5G, ongoing need to upgrade 4G due to rising data traffic, strong 5G deal momentum," Credit Suisse said.
Credit Suisse confirms its Outperform rating on the stock and reiterates its target price of 133 Swedish kronor (current price about 102 Swedish kronor, down 0.5%).
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