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The Swiss stock exchange closed lower, with the SMI down 0.26% at 11,384.92 points, marking a 3% loss over the week and reducing year-to-date gains to just 2%. Investor uncertainty stems from the Federal Reserve's cautious approach to interest rate cuts and concerns over a potential U.S. government shutdown. Notable declines were seen in UBS, Partners Group, and various insurance companies, while Idorsia plummeted 50.35% due to delays in drug negotiations.
UBS anticipates a weaker fourth quarter for ABB, projecting a 10% reduction in adjusted EBITA, which may lead to a 4-5% stock reaction. Despite this, estimates for 2025 remain stable. ABB has also lowered its 2024 sales growth forecast to below 5% and adjusted its operating margin target to slightly above 18%.
UBS anticipates a challenging fourth quarter for ABB, projecting a 10% reduction in adjusted EBITA, leading to a 4-5% stock reaction. While the 2024 sales growth forecast has been lowered to below 5%, the 2025 outlook remains stable, with an operating margin target revised to slightly above 18%.
UBS anticipates a weaker fourth quarter for ABB, projecting a 10% reduction in adjusted EBITA, which may lead to a 4-5% stock reaction. Despite this, estimates for 2025 remain stable. ABB has also lowered its 2024 sales growth forecast to below 5% and adjusted its operating margin target to slightly above 18%.
UBS anticipates a challenging fourth quarter for ABB, projecting a 10% reduction in adjusted EBITA amid a tough market, leading to a 4-5% share reaction. While sales growth for 2024 is now expected to be below 5%, the 2025 outlook remains stable, with an operating margin target slightly above 18%.
UBS has maintained a "Neutral" rating for ABB (Asea Brown Boveri) with a target price of 50 francs, anticipating mixed results for the final quarter. The stock fell by 5.0% to CHF 48.95, despite a 34.0% increase since the start of 2024, with quarterly results expected on January 30, 2025.
UBS has maintained a "Neutral" rating for ABB with a target price of 50 francs ahead of the company's quarterly results. Analyst Andre Kukhnin anticipates a mixed performance for the final quarter, although the outlook for 2025 remains positive.
UBS has maintained a 'Neutral' rating for ABB, setting a target price of 50 francs ahead of the company's quarterly results. Analyst Andre Kukhnin anticipates a mixed performance for the final quarter, though the outlook for 2025 remains positive. ABB, a leader in industrial equipment, generates the majority of its sales from electricity transmission and automation systems.
UBS has maintained a "Neutral" rating for ABB with a target price of 50 francs. Analyst Andre Kukhnin noted that after discussions during a Siemens capital markets day, ABB appears well-positioned for 2025.
ABB Ltd is a leading global designer and manufacturer of industrial capital goods, with 67.2% of sales from electrical transmission and distribution products, and 30.6% from automation systems. Geographically, sales are distributed across Europe (35.9%), the United States (25.6%), and other regions, including China and the Asia-Middle East-Africa.
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