JPMorgan previews Ericsson (ERIC.US) Q2 earnings: Profit squeezed by declining North American 5G investment and rising AI chip costs, suggests waiting for a better entry point.
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JPMorgan in its latest research report maintained a "Neutral" rating on the stock, with a 12-month target price of $11.4, believing the current stock price already fully reflects market expectations and suggesting investors wait for a better entry opportunity.
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