UBS reiterates its Sell recommendation on the stock, and adjusts its target price to SEK 52 (from SEK 51), representing a potential downside of -25%.

'The recovery in the sector is helping the stock, but we reiterate our Sell recommendation for fundamental reasons', says the analyst firm.

Ericsson's Q2 EBITA exceeded consensus by around 10%, mainly thanks to catch-up payments in the area of intellectual property rights, but also to a solid gross margin in the networks business. Based on comments on the outlook, we expect minor changes in consensus EBIT or EBITA for 24/25' says UBS.

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