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Ericsson falls 4.3% as Morgan Stanley cuts rating and price target

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  • Morgan Stanley analyst Terrance Tsul downgraded Ericsson from Equal-Weight to Underweight.
  • Ericsson fell 4.3% to $9.81, while Dow futures gained around 0.2%.
  • Lexeo Therapeutics announced a Mantle Therapeutics acquisition and new strategic collaborations.
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