ABB: in green, an analyst raises his target

(CercleFinance.com) - ABB gains nearly 1% in Zurich as Oddo BHF confirms its 'neutral' opinion on the stock, with a price target raised from 36 to 40 Swiss francs, incorporating its latest assumptions on the cost of capital and slightly raising its estimates for 2024.


After the disappointment linked to Siemens' comments last week, we believe that ABB's publication should be reassuring", says the analyst, who anticipates a good first quarter with a book-to-bill of 1.1 times and 5.2% like-for-like sales growth.

According to Oddo BHF, "ABB should be one of the beneficiaries of the electrification and energy efficiency themes, and its pricing power is a significant asset", but acknowledges that its outlook is less ambitious than that of Schneider Electric.


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