ABB : Oddo BHF raises its target price
'After the disappointment linked to Siemens' comments last week, we feel 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 it recognizes that its outlook is less ambitious than Schneider Electric's.
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