ABB shares have been given a "Neutral" rating by UBS AG, with a target price of 50 francs. Analyst Andre Kukhnin praised the company's strong performance, particularly in electrification, which contributed to a 19 percent margin.
The shares rose by 3.1 percent to CHF 50.68 in trading today, suggesting a potential downside of 1.34 percent compared to the target price. So far, 1,381,155 shares have been traded. ABB's share price has increased by 38.7 percent since the beginning of 2024.
The company is expected to announce its Q3 2024 results on October 17, 2024, providing further insight into its financial performance.