{
Morten Wierod

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ubs maintains neutral rating for abb with target price of 49 francs

UBS has maintained a "Neutral" rating for ABB with a target price of 49 francs following a meeting with CEO Morten Wierod, who expressed optimism about the electrification of data centers related to artificial intelligence. Analyst Andre Kukhnin noted that recent news regarding potential reductions in Microsoft's leasing investments for data capacities did not alter this outlook.
boerse.de
Swiss Franc CHE Morten Wierod Andre Kukhnin
Finance & Economy, Market Report
22:07 24.02.2025

ubs maintains neutral rating for abb with target price of 49 francs

UBS has maintained a 'Neutral' rating for ABB with a target price of 49 francs following a meeting with CEO Morten Wierod, who expressed optimism about electrification in AI data centers. Despite Microsoft potentially scaling back its data capacity investments, the outlook remains positive. ABB, a leader in industrial equipment, generates 67.2% of its sales from electricity transmission and distribution products, with significant contributions from automation systems and other sectors. The company's revenue is geographically diversified, with notable shares from Europe and the United States.
MarketScreener
Swiss Franc ABB Ltd. - Jordan CHE USA Morten Wierod Andre Kukhnin Show more
Finance & Economy, Market Report
21:54 24.02.2025
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