ABB : After a mixed Q3, weaker Q4 in prospect. However tight cost management and ‘clean-up’ under way
>Target price lifted from CHF 20.0 to CHF 21.0. Reduce recommendation maintained - Our target price is revised up to CHF 21.0 ($ 23.0) following our revisions (it is DCF-derived). However, we are sticking with our Reduce rating as the cyclical nature of ABB's business and its exposure to many markets that are in disarray (O&G, automotive, cruise operators, etc.) could take a toll for some time. Q4 will likely be weaker than Q3. The stock is still expensive (consensus ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.