Ericsson Stock Downgraded: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Ericsson (NASDAQ: ERIC) investors are not having a good year. So far in 2017, Ericsson stock is down more than 4% in a broadly rising market. Over the past year, shares of Ericsson are down 20% -- in a market that's grown 17%.
That's 37-point underperformance folks, and here's possibly the worst news of all: According to one analyst, things are only going to get worse for Ericsson from here, and it's time to sell the stock. Here are three things you need to know about that.
Source: Fool.com