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Positive sentiment in markets was driven by hopes of government support, despite a decline in Japan's Nikkei index. The launch of DeepSeek's AI model raised concerns over US tech dominance, impacting shares of major Japanese tech firms. Meanwhile, oil prices fell under pressure from US calls for OPEC to cut prices, and the euro weakened against the franc.
Swiss business leaders express a mix of optimism and caution regarding Donald Trump's presidency. While some, like ABB's Peter Voser and investor Peter Friedli, highlight potential economic growth and deregulation, others, such as UBS's Sergio Ermotti, emphasize the need for careful financial oversight amid rising uncertainties. Overall, the sentiment reflects a complex landscape shaped by both immediate benefits and long-term risks.
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 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 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.
ABB Ltd
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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ubs predicts weaker fourth quarter for abb with unchanged 2025 outlook
10:40 20.12.2024
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ubs maintains neutral rating for abb with target price of 50 francs
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ubs maintains neutral rating for abb with target price of 50 francs
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