ABB Reports Lacklustre 2Q
Wide-moat ABB's full-year results are trending in line with our full-year expectations on an underlying basis, but favourable currency movements puts reported revenue growth slightly ahead. We plan to make changes to our forecasts but not material enough to adjust our USD 25.00 and CHF 25.40 fair value estimates for the ADR and local shares, respectively. Shares look attractively valued but we expect some near-term investor hesitation on buying the shares given the ongoing restructuring, and sea...ABB specializes in power and automation technologies. Co. provides a broad range of products, systems, solutions and services that are designed to boost industrial productivity, increase power grid reliability, and enhance energy efficiency. Co.'s automation businesses serve a full range of industries with process optimization, control, measurement and protection applications. Co.'s power businesses focus on power transmission, distribution and power-plant automation, and support electric, gas and water utilities, as well as industrial and commercial customers.
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.
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