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Abb Ltd (ABB) [hlAlert]

Rating:
Buy ABB
down 24.17 %

Abb Ltd (ABB) upgraded to Buy by Citigroup

Posted on: Tuesday,  Mar 4, 2014  8:25 AM ET by Citigroup

Citigroup rated Buy Abb Ltd (NYSE: ABB) on 03/04/2014, when the stock price was $25.48. Since
then, Abb Ltd has lost 24.18% as of 09/04/2015's recent price of $19.32.
If you would have followed this Citigroup's recommendation on ABB, you would have lost 24.17% of your investment in 549 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/4/2014 8:25 AM Buy
None
25.48
as of 10/17/2014
1 Week up  0.19 %
1 Month down  -11.20 %
3 Months down  -10.31 %
1 YTD down  -19.78 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/16/2013 8:25 AM Hold
None
22.15
7/9/2009 8:25 AM Buy
None
15.34
1/15/2008 8:25 AM Sell
None
25.03

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