By Robert W. Baird
NEW YORK, July 1 (newratings.com) - Analysts at Robert W Baird initiate coverage of ABB Ltd (Virt-X:
ABBN.VX -
news) (ticker: ABB) with an
"outperform" rating. The target price is set to $20.
In a research note published this morning, the analysts mention that the company's growth prospects are expected to be driven by its presence in the emerging markets and broad exposure to global stimulus spending. ABB's 2Q earnings are, however, likely to be disappointing, in the wake of poor orders, Robert W Baird says. The situation represents a trough position, the analysts add.
© 2009 New Ratings
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
