ABB Limited (SW:ABB) Stock Upgrade
ABB Limited (SW:ABB) was boosted by RBC Capital Markets from a “Sector Perform” rating to a more respectable “Outperform” rating in recent note announced earlier today. They currently have a $21.00 TP on the stock, which may suggest a possible upside of 17.52% from the current price of the stock.
Approximately 2.88 million shares of stock traded hands or 46.94% up from the average. ABB Ltd (ADR) (SW:ABB) has declined 17.59% since May 8, 2015 and is downtrending. It has underperformed by 14.57% the S&P500.
ABB Ltd is engaged in power and automation technologies. The company has a market cap of $42.10 billion. The Firm manages its business on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. It has 16.72 P/E ratio. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications.
According to Zacks Investment Research, “ABB Ltd, headquartered in Zurich, Switzerland, is engaged in providing power and automation technologies for its utility and industrial customers. The Company provides a range of products, systems, solutions and services that are designed to improve power grid reliability, increase industrial productivity and enhance energy efficiency. ABB is focused on power transmission, distribution and power-plant automation and serves electric, gas and water utilities, as well as industrial and commercial customers. Its Power Products division manufactures three categories of products: High-voltage Products, Medium-voltage Products and Transformers. The key technologies include high- and medium-voltage switchgear, circuit breakers for various current and voltage levels, power and distribution transformers, as well as sensors and products to automate and control electrical and other utility networks. ABB Ltd is structured into four regions: Europe, the Americas, Asia and the Middle East and Africa (MEA).” Get a free copy of the Zacks research report on ABB Ltd (ADR) (ABB).