ERICSSON B : Sell rating from Goldman Sachs

According to the financial news published on MarketScreener on April 17, 2023, Goldman Sachs, a leading global investment bank, has downgraded its rating for Ericsson (ERIC) from Neutral to Sell. This change in recommendation was communicated to investors through Goldman Sachs' research report, which was also made available on MarketScreener.

The reason behind this pessimistic view on Ericsson's stock was not explicitly stated in the provided news article. However, it can be inferred that there might be concerns regarding the company's financial performance or industry outlook that have led Goldman Sachs to advise its clients to sell their Ericsson shares.

Additionally, the investment bank lowered its target price for Ericsson's stock from SEK 42 to SEK 40, indicating that they believe the share price will decline in the near term. This target price represents a potential downside of approximately 11% from Ericsson's current share price at the time of the report release.

It's important to note that a single analyst's report should not be the sole basis for making investment decisions, as different analysts may have varying perspectives and opinions. It's recommended that investors consider multiple sources of information and conduct their own research before making investment decisions.

Ericsson is a Swedish multinational networking and telecommunications equipment and services company headquartered in Stockholm, Sweden. It is one of the world's leading providers of technology and services to telecom operators. Ericsson's market capitalization was around SEK 165 billion (approximately USD 18 billion) as of April 17, 2023.

Goldman Sachs, based in New York City, is a leading global investment bank and financial services company. It provides various financial services, including securities, investment management, and advisory services, to a wide range of clients, including corporations, financial institutions, governments, and individuals. Goldman Sachs has over 9,000 employees and operates in more than 30 countries worldwide.

The information provided in this response is based on publicly available data and should not be considered as investment advice.