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Ericsson +2.7% as Goldman turns from Sell to Buy

  • Ericsson (NASDAQ:ERIC) is up 2.7% premarket in U.S. trading after Goldman Sachs gave it a two-notch upgrade, switching to Buy from Sell.
  • The change of heart is tied to the scope of the company's restructuring, Goldman says.
  • There are a number of steps Ericsson can take to boost margins, the firm notes, including getting out of less profitable Managed Services Contracts as well as discontinuing parts of losing businesses like TV/Media, or operations support systems.
  • The main risks are worse cost control and a wireless market that declines more than expected.

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Telefonaktiebolaget LM Ericsson (publ)