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Rap Sheet

Author:

LongTerm CapGains

Subject:

News

Date:

10/04/17 at 6:42 AM CDT

 

 

READ: 3

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Sentiment:

Neutral

Ericson downgraded again

Credit Suisse downgraded Ericson warning that there is significant risk to margin targets.  It also cites problems believing Ericson's EBIT margin targets of 12.4% in the near term.  Mentions that the strong dollar is a head wind to margins.

This is obviously putting presure on NOK.  Guilt by association.  Probably deserved as this second half has been tougher than first thought.

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