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Abb Ltd (ABB) [hlAlert]

up 23.80 %

Abb Ltd (ABB) rated Underperform by RBC Capital Mkts

Posted on: Wednesday,  Apr 30, 2014  12:00 AM ET by RBC Capital Mkts

RBC Capital Mkts rated Underperform Abb Ltd (NYSE: ABB) on 04/30/2014, when the stock price was $23.92. Since
then, Abb Ltd has lost 19.23% as of 09/04/2015's recent price of $19.32.
If you would have followed this RBC Capital Mkts's recommendation on ABB, you would have gained 23.8% of your investment in 492 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.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/30/2014 12:00 AM Sell
as of 10/17/2014
1 Week down  -0.19 %
1 Month up  11.20 %
3 Months up  10.31 %
1 YTD up  14.54 %

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