Ericsson Jumps, BASF Down, Maersk Cut
On this episode of Stock Movers:- Ericsson proposed its first-ever buyback after fourth-quarter earnings beat analysts’ forecasts. Shares rose as much as 12% to 96.28 kronor in Stockholm, erasing its losses from over the last 12 months.- BASF's annual earnings fell as the German chemicals maker grappled with currency headwinds and lower prices for its products.The shares fell 3.2% on Tradegate before regular trading hours, compared to last night’s close in Frankfurt.- Maersk is cut to underperform at Bank of America and a price target 23% below its latest close, as the broker…
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