The analyst expects a less brilliant 4th quarter in perspective, but 2025 seems preserved. UBS confirms its Neutral opinion on the stock and leaves its price target unchanged at E50.
‘An estimated reduction of around 10% in adjusted EBITA for the 4th quarter of 2024 in a difficult market generates a reaction of -4-5%, while estimates for 2025 remain largely unchanged’ indicates UBS.
Regarding its outlook for 2024, ABB has revised downwards its revenue growth forecast, now expected to be below 5% this year on a like-for-like basis, but has revised downwards its annual operating margin target. , now anticipated slightly above 18%.
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