Ericsson AB, a telecommunications giant, has had its price target raised by UBS to SEK 57, up from SEK 52. Despite this, UBS maintains a "sell" rating on the company.

Ericsson is known for its expertise in developing, manufacturing, and marketing fixed and mobile telecommunications systems and equipment. The majority of the company's net sales come from its product families, with transmission network and telephony equipment and systems accounting for 58.1% of sales. Services, including network management and control as well as system integration services, contribute 31.1% to sales. Multimedia equipment makes up 9.8% of sales, while other products represent 1%.