Credit Suisse Upgrades Ericsson (ERIC) to Neutral

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Goldman Sachs Upgrades Ericsson (ERIC) to Conviction Buy

February 1, 2013 1:05 PM EST

Earlier, Goldman Sachs upgraded Ericsson (NASDAQ: ERIC) from Neutral to Conviction Buy with a $16.50 price target.

The firm said following almost 30% underperformance versus their EU Tech coverage over 24 months, they see substantial mean-reversion potential for the stock.

"We... More