Ericsson (ERICY) was down 3.2% in midmorning trade after ING Barings downgraded it to sell from hold, Commerzbank cut it to hold from buy and Goldman Sachs rated it market outperformer after dumping it from its recommended for purchase list. The Swedish telecommunications equipment maker Friday said it would outsource production of cell phones as it tries to revive its money-losing handset unit.

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