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.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.