ubs maintains neutral rating for abb with target price of 50 francs

ABB has been given a 'Neutral' rating by UBS, with a target price of 50 francs.

Analyst Andre Kukhnin noted the strong performance of the power technology group in the third quarter, highlighting its position between the growing electrification sector and the challenges faced in the automation segment.

The report, published on October 17, 2024, reflects UBS's evaluation of ABB's ongoing operations and market dynamics. It will be important for investors to monitor how ABB manages these contrasting segments in the future.

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