ABB : Forecasts revised by -4/-5%: recommendation downgraded to Reduce
>We have downgraded our forecasts in light of weaker market conditions - Based on our reworked outlook for the four new divisions, we have adjusted our 2019 and 2020 estimates downwards by 4-5% on average, with, in particular, less organic growth as market conditions are tending to worsen gradually, which is also undermining margins. In terms of organic growth, we now expect 2.7% in 2019 (vs 3.7% previously) and 1.6% in 2020 (vs 2.6%). We forecast operational EBITA ma...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.