0653 GMT - ABB's strength in electrification and other key areas could prompt the Swiss company to raise its organic sales growth target, Citi analysts say in a note. Citi expects the target range could be lifted to 6-8% from the 5-7% range identified in late 2023 due to ABB's "tilt to growth." The power and automation technology company could also raise its margin target, they say. "We see around one third of electrification revenue as having double-digit top line potential, driven by data center and utility demand," according to Citi. The analysts raise their rating on the stock to buy from neutral. ABB closed Friday at 52.24 Swiss francs. (sarah.sloat@wsj.com)
(END) Dow Jones Newswires
July 21, 2025 02:53 ET (06:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。