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2019-11-08 22:05:57

Morgan Stanley has weighed in on two major Scandinavian telecom equipment makers, and comes out favoring Ericsson (ERIC +2.4%).

The firm initiated coverage on Ericsson at Overweight, and assigned it a price target of 100 kronor; that implies 15% upside from today's closing price in Stockholm.

Meanwhile, it's started Nokia (NYSE:NOK) at Equal Weight. Its price target of €3.70 after a decline in Helsinki today implies about 14.6% upside.

seekingalpha.com Jason Aycock
ericsson morgan stanley nokia bullish neutral seekingalpha https price comnews3517324 eric firm

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