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ABB: Liberum raises target price.

(CercleFinance.com) - Liberum has raised its target price on ABB shares from 28 Swiss francs to 30 Swiss francs, while maintaining a "buy" rating on the stock.

Breaking out and separately assessing the outlook of the two units within the Robotics & Motion division (R&M), the report says that ABB's organic sales growth reached just 1% in 2013-2017 compared with 15% for the robotic market as a whole, as the Swiss group's robot growth was offset by the weakness of automation.

However, Liberum sees 8%-10% organic sales growth for 2018-20, vs. 1% in 2013-2017, thanks to the automation unit returning to growth. It has therefore raised its 2018 earnings estimates to 12%, which exceed the consensus.

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