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Abb Ltd (ABB) [hlAlert]

Rating:
Outperform
ABB
up 0.21 %

Abb Ltd (ABB) upgraded to Outperform by Credit Suisse

Posted on: Wednesday,  Feb 20, 2013  8:25 AM ET by Credit Suisse

Credit Suisse rated Outperform Abb Ltd (NYSE: ABB) on 02/20/2013. Previously Credit Suisse rated Underperform Abb Ltd (NYSE: ABB) on 09/08/2008.,
when the stock price was $22.98. Since then, Abb Ltd has lost 0.22% as of 02/20/2013's recent price of $22.93.
If you would have followed the previous Credit Suisse's recommendation on ABB, you would have gained 0.21% of your investment in 1626 days.

ABB Ltd (ABB) is a global provider of power and automation technologies to utility and industry customers. The Company?s focus on power transmission, distribution and power-plant automation serves electric, gas and water utilities, as well as industrial and commercial customers. ABB also delivers automation systems that measure, control, protect and optimize plant applications across a range of industries. Its business comprises five divisions: Power Products, Power Systems, Automation Products, Process Automation and Robotics. Its Power Products and Power Systems divisions operate in the power market. Its Automation Products, Process Automation and Robotics divisions operate in the automation market. During the year ended December 31, 2008, the Company sold its 50% stake in the shares of ABB Powertech Transformers, located in South Africa, to Powertech, a wholly owned subsidiary of the Altron Group. In October 2009, ABB Ltd. announced the acquisition of Sinai Engineering Corporation.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/20/2013 8:25 AM Buy
None
22.93
as of 12/13/2013
1 Week down  -2.91 %
1 Month down  -1.87 %
3 Months up  7.46 %
1 YTD down  -2.92 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/8/2008 8:25 AM Sell
None
22.98

(*) Stock Price at the time of the recommendation.
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