JP Morgan Maintains Overweight on Telefonaktiebolaget L M, Lowers Price Target to $7.78
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Sandeep Deshpande maintains an Overweight rating on Telefonaktiebolaget L M (NASDAQ:ERIC) but lowers the price target from $8.3 to $7.78.

October 18, 2023 | 12:08 pm
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NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on ERIC but lowers the price target from $8.3 to $7.78.
The news is directly about ERIC and is likely to impact its stock price. While the Overweight rating is maintained, the lowering of the price target might create some negative sentiment among investors, potentially putting some downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100