Credit Suisse downgrades ABB, Siemens to ‘neutral’; here’s why
There is an interesting contra view from Credit Suisse on capital goods. They see pitfalls ahead and hence they have a cautious view. They have downgraded ABB and Siemens to ‘neutral’.
There is an interesting contra view from Credit Suisse on capital goods. They see pitfalls ahead and hence they have a cautious view. They have downgraded ABB and Siemens to ‘neutral’.
Both these companies are a big play on the budding investment cycle. The stocks are at an elevated level in terms of valuations and there are high expectations as well.
On ABB they have downgraded to ‘neutral’ and they have cut the target price to Rs 1,850 versus the earlier target price of Rs 2,250.
Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.
First Published: Mar 24, 2022 9:50 AM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Prajwal Revanna's father in custody for alleged kidnapping and sexual abuse
May 4, 2024 7:53 PM
Delhi, Indore, Surat and Banswara — why these are the most challenging domains for Congress internally
May 4, 2024 1:53 PM
Congress nominee from Puri Lok Sabha seat withdraws, citing no funds from party
May 4, 2024 12:00 PM
Lok Sabha Polls '24 | Rahul Gandhi in Rae Bareli, why not Amethi
May 4, 2024 9:43 AM