ABB: Oddo BHF raises target price

(CercleFinance.com) - While maintaining its 'neutral' opinion on ABB, Oddo BHF has raised its target price from 36 CHF to 40 CHF, 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 feel that ABB's publication should be reassuring', it says, anticipating a good Q1, with a book-to-bill of 1.1x and 5.2% LFL 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 it acknowledges that its outlook is less ambitious than Schneider Electric's.


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