ABB: UBS expects a weaker Q4
(CercleFinance.com) - The analyst expects a weaker Q4 outlook, while 2025 seems to be preserved.
UBS therefore maintains its Neutral rating on the stock, also leaving its TP unchanged at E50.
An estimated reduction of around 10% in Q4 2024 adjusted EBITA in a difficult market generates a reaction of -4-5%, while estimates for 2025 remain largely unchanged, UBS says.
Regarding its outlook for 2024, ABB has reduced its sales growth forecast, now expected to be below 5% this year (on a comparable basis), although has reduced its annual operating margin target, which it now expects to be slightly above 18%.
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
UBS therefore maintains its Neutral rating on the stock, also leaving its TP unchanged at E50.
An estimated reduction of around 10% in Q4 2024 adjusted EBITA in a difficult market generates a reaction of -4-5%, while estimates for 2025 remain largely unchanged, UBS says.
Regarding its outlook for 2024, ABB has reduced its sales growth forecast, now expected to be below 5% this year (on a comparable basis), although has reduced its annual operating margin target, which it now expects to be slightly above 18%.
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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.