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Abb Ltd (ABB) [hlAlert]

Rating:
Buy ABB
down 6.07 %

Abb Ltd (ABB) upgraded to Buy by UBS

Posted on: Thursday,  Oct 8, 2009  8:25 AM ET by UBS

UBS rated Buy Abb Ltd (NYSE: ABB) on 10/08/2009, when the stock price was $20.57. Since
then, Abb Ltd has lost 6.08% as of 09/04/2015's recent price of $19.32.
If you would have followed this UBS's recommendation on ABB, you would have lost 6.07% of your investment in 2157 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/8/2009 8:25 AM Buy
None
20.57
as of 12/31/2009
1 Week up  22.62 %
1 Month up  27.23 %
3 Months up  13.56 %
1 YTD up  13.56 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/2/2009 8:25 AM Hold
None
18.26

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