ABB Ltd (ADR) (NYSE: ABB) Upgraded by Deutsche Bank to Buy
Thursday, April 28, 2022 12:00 PM

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Deutsche Bank upgraded ABB Ltd to buy from hold on Thursday. The target price of the stock is between $28 and $32.

The company reported net income of $655 million, or $0.29 per basic share, for the first quarter ended March 31, 2011, compared with $464 million, or $0.20 per basic share, for the same quarter ended March 31, 2010. Revenue for the first quarter was $8.4 billion, compared with $6.93 billion for the same quarter 2010.

Shares last traded at $26.58, up 2.70 percent on Wednesday. ABB has a 52-week low of $16.01 and a 52-week high of $26.58. The company has a total market cap of $58.47 billion. The price to earnings ratio of the company is 22.03, and the PEG ratio is 1.45.

ABB Ltd provides power and automation technologies for utility and industrial customers worldwide.

 

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