ABB Upgraded to “Buy” at Natixis (ABB)
ABB (NYSE:ABB) was upgraded by equities research analysts at Natixis from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, AnalystRatingsNetwork reports.
A number of other analysts have also recently weighed in on ABB. Analysts at Morgan Stanley upgraded shares of ABB to an “overweight” rating in a research note to investors on Thursday, January 16th. Separately, analysts at Helvea raised their price target on shares of ABB from $24.50 to $25.00 in a research note to investors on Tuesday, October 29th. They now have a “buy” rating on the stock. Finally, analysts at UBS AG downgraded shares of ABB from a “buy” rating to a “neutral” rating in a research note to investors on Friday, October 25th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $24.45.
Shares of ABB (NYSE:ABB) opened at 25.94 on Thursday. ABB has a 52-week low of $20.65 and a 52-week high of $27.25. The stock has a 50-day moving average of $25.78 and a 200-day moving average of $24.03. The company has a market cap of $59.579 billion and a P/E ratio of 20.49.
ABB Ltd (NYSE:ABB) provides power and automation technologies for its utility and industrial customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.