Deutsche Bank Cuts ABB Ltd (ABB) to Hold

June 13, 2012 5:16 PM EDT
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Price: $22.78 +0.98%

Rating Summary:
    5 Buy, 9 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Deutsche Bank reinstated and downgraded shares of ABB Ltd (NYSE: ABB) with a Hold rating Wednesday, down from a previous Buy rating.

The firm said although "ABB's M&A-driven tilt towards higher Automation exposure (relative to Power) as a medium-term positive, there's no escaping that industrial trends have weakened, and that some of the headwinds from Q1'12 (on price and mix) will likely persist for the remainder of 2012."

For an analyst ratings summary and ratings history on ABB Ltd click here. For more ratings news on ABB Ltd click here.

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