Analyst Rating Update on ABB Ltd (ABB)

ABB Ltd (NYSE:ABB) has an average broker rating of 2.75, which is interpreted as a Hold, as rated by 8 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

ABB Ltd (NYSE:ABB) : The most positive equity analysts on ABB Ltd (NYSE:ABB) expects the shares to touch $22, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $20.52 with an expected fluctuation of $1.74 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, JP Morgan upgrades its rating on ABB Ltd (NYSE:ABB).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on April 20, 2016.

ABB Ltd (NYSE:ABB): stock turned positive on Tuesday. Though the stock opened at $19.31, the bulls momentum made the stock top out at $19.4 level for the day. The stock recorded a low of $19.14 and closed the trading day at $19.33, in the green by 0.21%. The total traded volume for the day was 2,702,007. The stock had closed at $19.29 in the previous days trading.

ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business -based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications. The Process Automation division provides engineered solutions, products and services for process control, safety, instrumentation, plant electrification and energy management. The Power Products division offers a portfolio of products and services to facilitate power generation, transmission and distribution. The Power Systems division offers solutions for power and water plants, grid integration and automation, as well as a range of systems and services for the generation, transmission and distribution of electricity. The Company operates in approximately 100 countries.

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