Barclays downgraded Ericsson ERIC, -12.46% to equal weight from overweight. Nokia NOK, -8.5% , was kept at equal weight following Friday warnings. We see no reason for operators to spend more money before 2025E. The analysts expect that the market will remain difficult for Ericsson, and Nokia. Barclays reduced its Ericsson ERIC.B., -3.61% and Nokia NOKIA., -3.25 targets by 19% each to SEK65, and by 2% respectively to EUR4.70.