UBS downgrades its recommendation on Ericsson from 'neutral' to 'sell', with a price target reduced from SEK 54 to SEK 51, a new target that implies a 16% downside potential for the telecom equipment supplier's stock.

OpenRAN poses a long-term threat to Ericsson's wireless equipment market, a threat that we believe the market is not factoring into prices', the broker highlights in the summary of its research note.

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