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Strategies & Market Trends : ABB (Asea Brown Boveri) ADR

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From: JakeStraw6/21/2006 9:21:39 AM
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ABB upped to buy at Deutsche Bank
biz.yahoo.com
By Simon Kennedy
Last Update: 3:53 AM ET Jun 21, 2006

LONDON (MarketWatch) -- Deutsche Bank upgraded Swiss-Swedish engineering group ABB (ABB) to buy from hold, citing valuation. Deutsche Bank said ABB shares have fallen 21% since April, but its end markets show no sign of slowing. "Infrastructure orders, peer group commentary and macro data suggest current growth should continue. China fixed asset investment and U.S. power infrastructure markets continue to give positive signals in the second quarter," Deutsche Bank said. "The end markets are better than equity market volatility suggests."
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