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Benzinga
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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