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 flags “structural overcapacity issues” which are set to be exacerbated as the opening of the important Red Sea shipping route is set to open in 2026, leading to falling shipping rates.
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