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ABB: UBS raises target price
(CercleFinance.com) - While maintaining its 'neutral' rating on ABB shares, UBS has raised its target price for them from 47 CHF to 50 CHF, a new TP that is just above its last closing price, the day after the engineering group's quarterly results.
A cyclical upturn should add to structural growth in electrification and automation, while further margin expansion is expected, but the market is already in agreement, the broker summarises.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
A cyclical upturn should add to structural growth in electrification and automation, while further margin expansion is expected, but the market is already in agreement, the broker summarises.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.