ABB Ltd : The underlying trend is to the upside
Entry price | Target | Stop-loss | Potential |
---|
CHF 28.07 |
CHF 33 |
CHF 26 |
+17.56% |
---|
The timing appears opportune to go long in shares of ABB Ltd as we anticipate another pick-up in the underlying trend.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● For several months, analysts have been revising their EPS estimates roughly upwards.
● The stock is in a well-established, long-term rising trend above the technical support level at 21.68 CHF
Weaknesses● Analysts covering the stock have recently lowered their earnings forecast.
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