🔴 Ericsson is trading 5.5% down today after Morgan Stanley downgraded shares to Underweight

Ericsson is trading 5.5% down now at $9.69 after Morgan Stanley downgraded shares to Underweight from Equal-weight.

• Morgan Stanley cut its U.S. ADR price target to $9 from $11.
• The bank cited declining North American revenue and margins falling from their peak.
• The downgrade appears to be the primary company-specific catalyst; broader technology-sector strength does not explain the decline.