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)

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