Since 2018, we have written many times that the timing was not good and that the business structure’s transformation will have a positive impact, though not before the second part of 2020. And now we are here: we believe a re-rating of ABB in 2020 is very likely. We have updated our model and our recommendation is changed from Reduce with a 5% downside to Add with a 16% upside.
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A 2020 re-rating is very likely
- Published:
11 Dec 2019 -
Author:
Luis Pereira - Pages:
Since 2018, we have written many times that the timing was not good and that the business structure’s transformation will have a positive impact, though not before the second part of 2020. And now we are here: we believe a re-rating of ABB in 2020 is very likely. We have updated our model and our recommendation is changed from Reduce with a 5% downside to Add with a 16% upside.