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Abb Ltd (ABB) [hlAlert]

Rating:
Buy ABB
up 7.93 %

Abb Ltd (ABB) rated Buy with price target $22 by Deutsche Bank

Posted on: Thursday,  Feb 11, 2010  8:25 AM ET by Deutsche Bank

Deutsche Bank rated Buy Abb Ltd (NYSE: ABB) on 02/11/2010, when the stock price was $17.90. Since
then, Abb Ltd has gained 7.93% as of 09/04/2015's recent price of $19.32.
If you would have followed this Deutsche Bank's recommendation on ABB, you would have gained 7.93% of your investment in 2031 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.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/11/2010 8:25 AM Buy
None
17.90 22.00
as of 12/31/2010
1 Week up  6.18 %
1 Month up  20.66 %
3 Months up  10.60 %
1 YTD up  30.50 %

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