Report
Denise Molina
EUR 101.80 For Business Accounts Only

ABB is competitively advantaged in discrete automation with B&R acquisition.

ABB's third-quarter base orders (sub-$15 million) grew across all divisions, but large orders eluded the power grids division in particular. We do not expect to make significant changes to our forecasts or our $24 fair value estimate on the back of the results. We maintain our wide moat rating and believe the shares are fairly valued. 
Base orders were up 6% organically at the group level, with the strongest growth in low- and medium-voltage products (electrification division), up 8%, mainly tie...
Underlying
ABB Ltd. ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Denise Molina

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