• Most Popular
  • Most Shared

ABB ADRs could surge, analyst tells Barron's

Sun May 18, 2008 6:18pm EDT

Stocks

   

NEW YORK, May 18 (Reuters) - ADRs in Swiss engineering group ABB (ABB.N) (ABBN.VX) could trade up to $40 in 6 to 12 months and $50 by the end of 2009, up from $32.69 on Friday, Sterne Agee analyst Nick Heymann says, according to Barron's.

Stocks

Heymann describes the company as "the best pure play on global industrial infrastructure" with all its businesses having "exceptional" long-term growth potential.

The publication, in its issue dated May 19, also quoted ABB's interim CEO Michel Demare as saying the company is in "the sweet spot of energy efficiency and of climate change."

Barron's also said that the shares could get a jolt upwards if the company filled the CEO slot on a more permanent basis promptly. (Reporting by Martin Howell, editing by Gerald E. McCormick)

Stocks


More from Reuters

Photo

Investors seen jumping the gun on airport security

BANGALORE (Reuters) - Investors' optimism surrounding the shares of airport security systems makers could be premature as interest in the companies' products after the Christmas Day plane scare is not expected to translate into immediate orders.

» More Top News
Leaves gather in front of an empty and boarded-up house in Youngstown, Ohio November 21, 2009. REUTERS/Brian Snyder

Castles built on sand

Rust-belt American cities like Youngstown, Ohio were battered by the downturn. Now they're ready to move on, but it won’t be easy. The first in a three-part report.  Full Article 

Route to Recovery
REUTERS/James Saft
JAMES SAFT:

Welcome to the "Teenies"

Shrinking financial sector? Paltry investment returns? Welcome to the the next decade. Don't worry, there's some good news, too.  Commentary 

COMMENTARY