ABB: in green, an analyst raises his target
After the disappointment linked to Siemens' comments last week, we believe that ABB's publication should be reassuring", says the analyst, who anticipates a good first quarter with a book-to-bill of 1.1 times and 5.2% like-for-like 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 acknowledges that its outlook is less ambitious than that of Schneider Electric.
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