Ericsson: Liberum raises target price, shares rise

(CercleFinance.com) - Liberum has raised its target price for the Ericsson share from 90 Swedish kronor to 101 Swedish kronor, saying that the Swedish telecoms gear maker is likely "to outperform market expectations once again in 2019.
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Citing strong 5G-related investments by North American service providers and steady gains in market share at the expense of both Nokia and Huawei, the British broker said it expects Ericsson to beat consensus expectations in most quarters of 2019.

As a result, it has raised its sales and EPS estimates for on the company.

"The weakness in the Swedish Krona is also positive for results," it said, maintaning its "buy" rating on the share.

The stock is currently up 1.1% at 87.9 Swedish kronor in Stockholm.

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