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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