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Benzinga

Business

Akanksha Bakshi

RBC Capital Upgrades This Multinational Corporation

ABB RBC Capital ABB Ltd NYSE

RBC Capital analyst Sebastian Kuenne upgraded ABB Ltd (NYSE:ABB) to Outperform from Sector Perform with a price target of CHF 41, up from CHF 30.
The "leaner" company is in "far better position" to capture value in the electrification of transport and in the automation of industries, mentions the analyst.
Kuenne adds that while Q4 will be "tough" for ABB, he is optimistic about the stock offering a "buying opportunity."
Price Action: ABB shares traded higher by 1.79% at $37.28 on the last check Wednesday.

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