TD Cowen analyst Joseph C Giordano maintained a Hold rating on ABB Ltd (ABBNY – Research Report) yesterday and set a price target of $50.00.
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Joseph C Giordano has given his Hold rating due to a combination of factors surrounding ABB Ltd’s financial outlook and market conditions. The company’s price target has been set at $50.00, indicating modest expectations for future stock performance. While the thematic outlook appears favorable, the company is facing tough comparisons, and the first quarter may represent the peak for annual growth, with a projected moderation into 2026. Although there are positive trends in robotics and machine automation that could bolster the company from low levels, maintaining peak performance in the Electrical business will be essential. These elements collectively suggest a cautious approach, leading to the Hold recommendation.