J.P. Morgan Remains a Sell on ABB Ltd (ABB)


In a report released today, Andreas Willi from J.P. Morgan maintained a Sell rating on ABB Ltd (ABB), with a price target of $18. The company’s shares opened today at $18.98, close to its 52-week low of $18.05.

Willi has an average return of 2.0% when recommending ABB Ltd.

According to TipRanks.com, Willi is ranked #3041 out of 5244 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for ABB Ltd with a $21.40 average price target.

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ABB Ltd’s market cap is currently $40.32B and has a P/E ratio of 18.91. The company has a Price to Book ratio of 2.79.

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ABB Ltd. is a holding company, which engages in the development and provision of power and automation technologies. It operates through the following business segments: Electrification Products; Robotics and Motion; Industrial Automation; Power Grids; and Corporate and Other.

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