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ABB - Abb News Story

$34.22 1.0  2.9%

Last Trade - 14/05/21

Sector
Industrials
Size
Large Cap
Market Cap £48.94bn
Enterprise Value £50.20bn
Revenue £19.03bn
Position in Universe 186th / 6846

BUZZ-European capital goods: Low interest rates' impact "debatable" - DB

Thu 5th September, 2019 8:15am
** Deutsche Bank says the impact of lower interest rates on
the European capital goods sector is debatable, with a trade-off
between the signal on economic growth prospects versus the
discount rate used to value future profits
    ** Sector balance sheets appear very healthy and debt
maturities have been extended at very low interest rates, the
brokerage adds
    ** DB upgrades metal-cutting tools and mining gear maker
Sandvik  SAND.ST  to "buy" from "hold", saying that while shares
have reacted negatively to the resignation of CEO Björn
Rosengren  urn:newsml:reuters.com:*:nL4N25708Q, the stock's recent underperformance
provides an opportunity
    ** The brokerage adds that while the company used to show
high earnings volatility in the past, it has become leaner, more
decentralized and more agile since 2015
    ** The broker cuts power grids maker ABB  ABBN.S  to "hold"
from "buy", saying it would like to see some evidence of
catch-up in lost market shares before turning positive again
    ** Raises Siemens  SIEGn.DE  to "buy" from "hold"
 urn:newsml:reuters.com:*:nL5N25W1DP

 ((milla.nissi@tr.com))
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