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ABB - Abb News Story

$34.11 0.3  1.0%

Last Trade - 07/05/21

Sector
Industrials
Size
Large Cap
Market Cap £49.21bn
Enterprise Value £50.49bn
Revenue £19.19bn
Position in Universe 188th / 6858

BUZZ-European Electricals: Barclays sees slower start to 2021

Wed 7th April, 2021 9:30am
** Barclays sees a slower start to the year for the European
electricals sector 
    ** Rising input costs mean the sector could still see
further headwinds in the coming quarters before price actions
start to take effect, it says
    ** The brokerage expects Q1 to confirm the ongoing
broad-based short cycle recovery from the trough seen in Q1 2020
in China
    ** Schneider Electric  SCHN.PA  and Legrand  LEGD.PA , both
"overweight"-rated, are the broker's preferred names due to
their solid margin and cash generation profiles
    ** Moreover, both companies are exposed to the attractive
end-markets of residential buildings and data centres, with
strong presence in the U.S. where early signs of green shoots
are emerging in non-residential markets, it adds
    ** Barclays keeps "equal-weight" on Siemens  SIEGn.DE  and
ABB  ABBN.S  as the risk-reward looks balanced given recent
stock price performance
    ** ABB is likely to lag peers on growth/margins, the
brokerage says, while Siemens' end market recovery is marred by
a number of below-the-line items


 ((marta.frackowiak@thomsonreuters.com))
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