homemarket Newsstocks NewsFind out why Credit Suisse maintains 'outperform' but raises target price on ABB
Find out why Credit Suisse maintains 'outperform' but raises target price on ABB
Credit Suisse has raised the target price on ABB to Rs 1,350 from a previous Rs 1,150 per share while maintaining an ‘outperform’ rating on the stock. The global brokerage has raised FY22 and FY23 EPS as well by 4 percent and 6 percent on the stock on the back of higher margins.
Credit Suisse has raised the target price on ABB to Rs 1,350 from a previous Rs 1,150 per share while maintaining an ‘outperform’ rating on the stock. The global brokerage has raised FY22 and FY23 EPS as well by 4 percent and 6 percent on the stock on the back of higher margins.
According to Credit Suisse, ABB is a play on automation theme, it is increasing manufacturing investments and there is a cyclical improvement as well. Credit Suisse believes that ABB can also benefit from the government’s PLI scheme.
CNBC-TV18’s Nimesh Shah has more details.
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(Edited by : Ajay Vaishnav)
First Published: Dec 8, 2020 1:32 PM IST
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