ABB upgrade by GS

Startbeitrag von Knock-out am 31.10.2005 07:52

ABB upgraded to in-line by Goldman Sachs (ABB) By Steve Goldstein
LONDON (MarketWatch) -- Industrial conglomerate ABB (ABB) was upgraded to in-line from underperform by Goldman Sachs following ABB's third-quarter results. "Although we felt ABB's long-cycle exposure was a positive, we have been concerned that the market was assuming that the medium-term margin targets were virtually already achieved and thus the execution risk was not discounted in ABB's share price. The strength of demand though seen in the third quarter and the likely continuation through the fourth quarter and probably into the first quarter means that the near-term risk of margin disappointment is very low," the broker said.


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