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Abb Ltd (ABB) [hlAlert]

Rating:
Underweight
ABB
up 11.38 %

Abb Ltd (ABB) downgraded to Underweight by HSBC Securities

Posted on: Thursday,  Aug 29, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Abb Ltd (NYSE: ABB) on 08/29/2013, when the stock price was $21.52. Since
then, Abb Ltd has lost 10.22% as of 09/04/2015's recent price of $19.32.
If you would have followed this HSBC Securities's recommendation on ABB, you would have gained 11.38% of your investment in 736 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.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/29/2013 8:25 AM Sell
None
21.52
as of 12/13/2013
1 Week up  2.91 %
1 Month up  1.87 %
3 Months down  -7.46 %
1 YTD down  -14.40 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/27/2009 8:25 AM Hold
None
18.20

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